IMAX Plans To Fully Acquire Chinese Subsidiary For $124M
Portfolio Pulse from Lekha Gupta
IMAX Corp plans to fully acquire its Hong Kong-listed subsidiary, IMAX China, for $124 million. The acquisition will give IMAX increased flexibility to drive growth opportunities in the Chinese market. The transaction is expected to close later this year and be immediately accretive to IMAX. The deal is also expected to unlock annual public company cost savings of around $2 million and tax efficiencies.
July 13, 2023 | 9:51 am
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IMAX Corp's acquisition of IMAX China is expected to drive growth opportunities and unlock cost savings, which could positively impact the company's stock.
The acquisition of IMAX China by IMAX Corp is expected to unlock growth opportunities in the Chinese market and result in cost savings. This could lead to increased revenues and profitability for the company, which could positively impact the company's stock price.
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