|Bid||33.78 x 0|
|Ask||33.85 x 0|
|Day's Range||33.80 - 33.85|
|52 Week Range||22.25 - 34.39|
|Beta (5Y Monthly)||0.35|
|PE Ratio (TTM)||73.98|
|Earnings Date||May 06, 2020 - May 10, 2020|
|Forward Dividend & Yield||1.80 (5.32%)|
|Ex-Dividend Date||Jan 29, 2020|
|1y Target Est||34.13|
TORONTO , Feb. 11, 2020 /CNW/ - (CGX.TO) – Cineplex Inc. ("Cineplex") today announced that at the special meeting of Cineplex shareholders (the "Meeting") held earlier today, Cineplex shareholders approved the previously-announced plan of arrangement pursuant to which an indirect wholly-owned subsidiary of Cineworld Group plc (LSE: CINE) ("Cineworld Group") has agreed to acquire all of the issued and outstanding common shares (the "shares") of Cineplex for $34 per share in cash (the "Transaction").
TORONTO , Feb. 3, 2020 /CNW/ - (CGX.TO) – Cineplex Inc. ("Cineplex") today announced the expiration of the seven week go-shop period provided for in the arrangement agreement dated December 15, 2019 between Cineplex and Cineworld Group plc (LSE: CINE) ("Cineworld Group"), pursuant to which Cineworld Group, through an indirect wholly-owned subsidiary, has agreed to acquire all of the issued and outstanding common shares of Cineplex for $34 per share in cash (the "Transaction"). During the go-shop period, Cineplex was permitted, with the assistance of its financial advisor, Scotiabank, to actively solicit, evaluate and enter into negotiations with third parties that expressed an interest in acquiring Cineplex.
TORONTO , Jan. 30, 2020 /CNW/ - (CGX.TO) – Cineplex Inc. ("Cineplex") today announced that Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis"), two leading independent proxy advisory firms, have both recommended that Cineplex shareholders vote FOR the special resolution at the upcoming special meeting (the "Meeting") of Cineplex shareholders. In their analyses, both ISS and Glass Lewis refer to the premium for Cineplex shareholders, the certainty of value and immediate liquidity from the cash consideration and the inclusion of a go-shop period which allows Cineplex to solicit other offers as factors supporting their FOR recommendations.
Cineplex Inc. Announces Timing of Fourth Quarter and Year End 2019 Earnings Release and Conference Call
TORONTO , Jan. 17, 2020 /CNW/ - (CGX.TO) – Cineplex Inc. ("Cineplex") today announced that it has mailed the management information circular (the "Circular") and related materials for the special meeting (the "Meeting") of Cineplex shareholders to approve the previously announced plan of arrangement under the Business Corporations Act ( Ontario ) (the "Arrangement"), pursuant to which Cineworld Group plc ("Cineworld") (CINE.L) has agreed to acquire, through an indirect wholly-owned subsidiary of Cineworld (the "Purchaser") all of the issued and outstanding common shares of Cineplex (the "shares") for $34 per share in cash (the "Consideration"), all as more particularly described in the Circular (the "Transaction") and Cineplex's news release dated December 16, 2019 .
TORONTO , Jan. 15, 2020 /CNW/ - (CGX.TO) – This Sunday, January 19 , Cineplex invites movie-lovers across Canada to visit their local theatre and indulge in the world's most popular movie theatre snack — popcorn! In celebration of National Popcorn Day, over 10 million SCENE card holders can enjoy a free bag of Cineplex's famous, buttery popcorn. To take advantage of this delicious deal, SCENE members can visit any one of Cineplex's 165 theatres across the country and scan their membership card or barcode on the SCENE app at concession.
Cineplex (TSE:CGX) shares have had a really impressive month, gaining 40%, after some slippage. The full year gain of...
Cineworld said on Monday the deal, which values Cineplex at $2.1 billion including debt, would involve it seeking $2.3 billion in loans, sending shares of the FTSE-250 member down as much as 9% and erasing early gains. While cinemas rely on big movie releases to generate gains, streaming services like Netflix and Amazon's Prime Video are invading that space with direct to stream movies or releasing movies within a few weeks of their cinema debut. "It (Cineworld) is effectively betting that Hollywood studios will consistently release films we all want to see, and that a recession won't hurt demand for a trip to the flicks," AJ Bell investment director Russ Mould said.
The U.K. group said the combination of Cineplex and Regal--which Cineworld bought last year--will create the leading North American cinema operator. The Cineplex acquisition will add 165 cinemas and 1,695 screens.
TORONTO , Dec. 16, 2019 /CNW/ - (CGX.TO) – Cineplex Inc., one of Canada's leading entertainment and media companies, today announced that it has entered into a definitive agreement (the 'Arrangement Agreement') with Cineworld Group, plc (LSE: CINE) ('Cineworld Group'). With over 11,200 screensi around the globe, the proposed transaction will create one of the world's largest cinema companies, providing Cineplex with scale and all the benefits associated with a global enterprise. Cineworld Group will acquire all of the issued and outstanding common shares (the 'shares') of Cineplex for $34 per share in cash, representing a premium of 42% to the closing price on the Toronto Stock Exchange (TSX) and a premium of 39% to the volume weighted average share price on the TSX for the 30 days ending December 13, 2019 .
LONDON, UK / ACCESSWIRE / December 16, 2019 / Proposed C$2.8bn (US$2.1bn) acquisition of Cineplex Inc. Highlights Cineworld to acquire Cineplex for C$34 per share in cash - acquisition unanimously supported ...
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
TORONTO , Dec. 12, 2019 /CNW/ - (CGX.TO) – Cineplex, one of Canada's leading entertainment and media companies, today announced plans to open a new Playdium entertainment complex in Brossard, Quebec . Coming soon to Quartier DIX30, the new Playdium will be located next to Cineplex Odeon Brossard Cinemas and VIP and will be the ultimate playground for teens, their friends and families to play without limits.
TORONTO , Dec. 12, 2019 /CNW/ - (CGX.TO) – Cineplex, one of Canada's leading entertainment and media companies, today announced plans to build a new VIP Cinemas at Cineplex Cinemas Forum in Montreal, Quebec . Targeted to open in April 2020 , the new VIP Cinemas will be located on the lower level of the theatre and will offer a luxurious and fully licensed movie-going experience exclusive to Cineplex for adults 18 and over. Once construction is complete, the theatre will be renamed Cineplex Cinemas Forum and VIP.