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Cineplex Inc T.CGX

Alternate Symbol(s):  CPXGF | T.CGX.DB.B

Cineplex Inc. is a Canadian brand that operates in the film entertainment and content, amusement and leisure, and media sectors. The Company's segments include Film Entertainment and Content, Media, and Location-Based Entertainment. It offers over 170 movie theatres and location-based entertainment venues. In addition to being a film exhibitor, the Company operates Canada's destination for Eats & Entertainment (The Rec Room), complexes specially designed for teens and families (Playdium), and an entertainment concept that brings movies, amusement gaming, dining, and live performances together under one roof (Cineplex Junxion). It also operates businesses in digital commerce (CineplexStore.com), alternative programming (Cineplex Events), motion picture distribution (Cineplex Pictures), cinema media (Cineplex Media) and digital place-based media (Cineplex Digital Media). The Company is a partner in Scene+, Canada's entertainment and lifestyle loyalty program.


TSX:CGX - Post by User

Bullboard Posts
Comment by BoredDeveloperon Mar 05, 2020 11:01am
127 Views
Post# 30770303

RE:RE:Specifics of the deal

RE:RE:Specifics of the deal
My mistake - the agreement does define a "Company Material Adverse Effect."  It's just such a huge definition I didn't recognize it at first.  Anyway yes, it appears COVID-19 does qualify.

So, in short - despite both sets of company shareholders and regulators approving, Cineworld can still back out by paying them off.  More to the point, maybe, they can threaten to do so to get a better deal.

I think the shorts have got this one right.
Bullboard Posts