Cineworld Ordered To Pay £725 Million For Abandoning Cineplex Deal
The Ontario Superior Court ruled in favour of Cineplex and awarded the Canadian group damages of £725 million for lost synergies.
Cineplex began legal proceedings shortly after the deal was scrapped, claiming a breach of good faith by Cineworld. The group claimed damages of $2.18 billion minus the value of shares retained by its shareholders.…
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