Cineworld bond holders take a skeptical view of Cineplex takeover deal [Toronto Globe and Mail (Ontario, Canada)]
Houlihan Lokey, Inc. Class A (HLI)
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Source: Toronto Globe and Mail
Cineworld bond holders take a skeptical view of Cineplex takeover deal Disgruntled bond investors add to the uncertainty hanging over the friendly deal, which was announced in December, approved by shareholders at both companies in February and was expected to be completed in the first half of this year. CARLOS OSORIO/Reuters Disgruntled bond investors add to the uncertainty hanging over the friendly deal, which was announced in December, approved by shareholders at both companies in February and was expected to be completed in the first half of this year. Cineworld Group PLC’s takeover deal for Canada’s Cineplex Inc. has encountered another potential hurdle months after the two cinema chains agreed to a merger: Cineworld bondholders may be attempting to block the deal, according to a report. Britain’s Telegraph reported that U.S. and Canadian bondholders who recently purchased Cineworld debt have hired Houlihan Lokey Inc., a Los Angeles-based mergers-and-acquisitions advisory firm
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