Shares of Cineworld (LON: CINE) closed the week nearly 17% lower as the world’s second-largest cinema chain struggles to cope with the consequences of the COVID-19 outbreak. The stock price is likely to attract additional selling pressure after it decided to pull out of the $1.65 billion deal to buy Canada-based Cineplex (TSE: CGX). Fundamental analysis: Takeover deal falls through Cineworld, the UK-based cinema chain, said it has decided to abandon its attempts to buy Cineplex for $1.65 billion. The British firm has justified such a decision as Cineplex’s breach in the merger agreement between the cinema operators. “As a
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