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Cineplex Seen Getting Offers for Half the Price of 2019 Bid
Source: Bloomberg
Media & EntertainmentAnalyst InsightsM&A & RestructuringPandemic & Health Events
An analyst said Cineplex, Canada’s largest theater chain, could receive sale offers worth roughly half of its pre-Covid-19 pandemic valuation. The assessment highlights the lasting impairment to movie-theater asset values and potential downside for Cineplex shareholders in any sale process.
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