IMAX Corporation Defends Privatization Offer Amidst Letko's Opposition, Highlights Shareholder Benefits
Portfolio Pulse from Benzinga Newsdesk
IMAX Corporation defends its decision to privatize IMAX China, stating it is in the best interest of shareholders despite opposition from Letko, Brosseau & Associates Inc. IMAX China's share price has been weak and trading volume hit all-time lows throughout 2023, despite encouraging first half results and increased box office market share.
September 25, 2023 | 9:15 am
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IMAX Corporation's decision to privatize IMAX China could potentially stabilize the latter's weak share price and low trading volume. However, opposition from Letko could create uncertainty.
The privatization of IMAX China could potentially stabilize its weak share price and low trading volume. However, the opposition from Letko, Brosseau & Associates Inc. could create uncertainty and potential conflict, which may impact IMAX Corporation's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100