Cineworld Group to buy Canada’s Cineplex in $2.1 billion deal

Cineworld Group to buy Canada’s Cineplex in $2.1 billion deal

British firm Cineworld will buy Canada’s Cineplex for $1.65 billion in cash. The C$34 per share offer is a 42% premium to the Toronto-based company’s closing price on Friday. Cineworld said the deal, which values Cineplex at $2.1 billion including debt, would involve it seeking $2.3 billion in loans.

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