World’s second-largest cinema chain accused of ‘buyers remorse’ by Canadian rival.
Cineworld, the world’s second-largest cinema chain, has announced that it plans to countersue Cineplex as it squares up for an expensive legal battle with the Canadian chain that it pulled out of buying last month. The UK-based cinema group said on Monday that it would “vigorously defend” claims that it breached its obligations to complete a $2.1bn takeover of Cineplex, which it announced in December before the coronavirus crisis hit.
Source: https://www.ft.com/content/9645094c-25bf-4ab1-a2e2-670af109ace5