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home / articles / IMAX - IMAX's China Move Hits A Snag: Acquisition Proposal Fails To Pass Vote | Benzinga

IMAX - IMAX's China Move Hits A Snag: Acquisition Proposal Fails To Pass Vote | Benzinga

Imax Corporation

IMAX Corporation (NYSE: IMAX) has confirmed that its proposal to acquire IMAX China's outstanding 96.3 million shares will not proceed following a vote by IMAX China shareholders.

At the Extraordinary General Meeting (EGM) of IMAX China shareholders held October 9 EST/October 10 HKT, 70% of the shares voted were in favor of the proposed transaction.

However, the ...

Full story available on Benzinga.com
Stock Information
Company Name: Imax Corporation
Stock Symbol: IMAX
Market: NYSE
Website: imax.com
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