Tag: IMAX China subsidiary

IMAX Corporation announces intent to acquire full ownership of IMAX China Subsidiary

IMAX Corporation announced it has filed a proposal to acquire the outstanding 96.3 million shares in IMAX China, a Hong Kong-listed subsidiary established by IMAX Corporation to oversee its business in Greater China, for approximately HK$10 per share in cash / $124 million. The offer represents an approximate 49% premium to the the 30-trading day average closing price. Upon approval…