Imax Defends $124M China Buyout Against Investor Opposition

Imax Defends $124M China Buyout Against Investor Opposition

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Facing opposition from a Canadian investment fund, Imax has defended a proposed $124 million deal to acquire a 28.5 percent stake in its Shanghai-based Imax China unit that it does not already own. On Friday, Canadian investment fund Letko, Brosseau & Associates, which holds around 1.7 percent of…

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