Description: TORONTO – Cineplex Inc. says a U.K. theatre giant acted in bad faith by delaying a takeover deal of the Canadian company and hoping it would default during the pandemic, a judge heard at the opening of its trial against Cineworld Group PLC.
Source: BNNBloomberg.ca – video report
Date: Sep 15, 2021
Questions for discussion:
- Summarize the dispute and what you think happened between the two firms?
- Do you think either firm violated the terms of their agreement?
- Was there an alternative strategy for either company?
- How do you think this case will be decided by the court?