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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

Link: https://www.bnnbloomberg.ca/cineplex-accuses-cineworld-of-bad-faith-in-day-one-of-hearings-over-abortive-takeover-1.1651175

​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?

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