Imax Corporation Announces Intent To Acquire Full Ownership Of Imax China Subsidiary
Acquiring Company
IMAX Corporation
Acquired Company
Ownership
MississaugaMedia And EntertainmentMusicFilm ProductionDescription
IMAX Corporation (NYSE: IMAX) today announced it has filed a proposal to acquire the outstanding 96.3 million shares in IMAX China (HKSE:1970), 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 of the offer and the scheme of arrangement, IMAX Corporation will own 100% of IMAX China.
Quick answer
IMAX Corporation is acquiring Ownership, announced July 12, 2023. IMAX Corporation is based in Mississauga, Ontario, Canada.
- How much did IMAX Corporation pay for Ownership?
- The deal value was not disclosed.
- What does IMAX Corporation do?
- Imax is a global entertainment technology platform known for its immersive film experience.
- Where are IMAX Corporation and Ownership based?
- IMAX Corporation is based in Mississauga, Ontario, Canada.
- Who are the decision-makers at IMAX Corporation?
- Fundz holds 1 contact at IMAX Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at IMAX Corporation, and when
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Frequently asked
Who acquired Ownership?
Ownership was acquired by IMAX Corporation, based in Mississauga. The deal was reported on July 12, 2023. Imax is a global entertainment technology platform known for its immersive film experience. IMAX Corporation is publicly traded (IMAX) and operates in Media And Entertainment.
When did IMAX Corporation acquire Ownership?
IMAX Corporation's acquisition of Ownership was reported on July 12, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Ownership do?
Ownership is the company acquired in this transaction. It is privately held.
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