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BRIEF-Cineplex Announces Temporary Closure Of Theatres

Published 2020-03-17, 08:48 a/m
BRIEF-Cineplex Announces Temporary Closure Of Theatres
CGX
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March 17 (Reuters) - Cineplex Inc CGX.TO :

* CINEPLEX ANNOUNCES TEMPORARY CLOSURE OF THEATRES AND PROVIDES UPDATE ON TRANSACTION WITH CINEWORLD

* TEMPORARILY CLOSING NETWORK OF THEATRES & LOCATION-BASED ENTERTAINMENT VENUES ACROSS CANADA FROM MARCH 16, 2020, THROUGH TO APRIL 2, 2020

* CINEPLEX-DEAL WITH CINEWORLD REMAINS SUBJECT TO SATISFACTION OR WAIVER OF CERTAIN CONDITIONS TO CLOSING THAT HAVE NOT YET BEEN SATISFIED

* CO AND CINEWORLD ARE CONTINUING TO ADVANCE PROCESS TO OBTAIN APPROVALS REQUIRED UNDER INVESTMENT CANADA ACT

* PERIOD FOR REVIEW OF TRANSACTION WITH CINEWORLD HAS BEEN EXTENDED THROUGH END OF MARCH, 2020

* CO AND ITS ADVISORS ARE WORKING DILIGENTLY TO PROVIDE THAT ALL CONDITIONS TO CLOSING ARE SATISFIED ON OR PRIOR TO JUNE 30, 2020

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