Imax Scraps Plan To Buy Rest Of Imax China After Shareholder Vote Falls Short ...Middle East

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Imax Scraps Plan To Buy Rest Of Imax China After Shareholder Vote Falls Short
Imax said today it won’t proceed with its proposed acquisition of the outstanding stake in Imax China after a vote of shareholders of its subsidiary fell short. Some 70% of the shares voted were in favor of the deal, but those against exceeded the 10% threshold required by Hong Kong law to defeat a privatization transaction. Approximately […]

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