Onex reaps big profit on Loews sale

Article Abstract:

Onex Corp. and its U.S. partner Oaktree Capital Management LLC have signed a $2-billion deal to sell 2,200-screen Loews Cineplex Entertainment Corp. to a consortium of investment firms that consists of Bain Capital LLC, Carlyle Group LLC and Spectrum Equity Investors. Onex. Corp. has generated a huge amount of profit from this transaction.

Acquisitions & mergers, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Mergers, acquisitions and divestments, Company acquisition/merger, Onex Corp.

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Imax to build three more theatres in China

Article Abstract:

Imax Corp. has reached a deal to build three more theaters in China. The company stated that a minimum of eight theaters will be running in China by the 2005 year.

China, MOTION PICTURES, Motion Picture and Video Industries, Motion picture industry, Movie industry, Imax Corp.

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Onex plans to add cinemas

Article Abstract:

Onex Corp. plans to buy movie theaters for Its Loews Cineplex Entertainment Corp.

Financial Holding Companies, Offices of Bank Holding Companies, Holding Offices, OCX, Onex Corp. (Toronto, Ontario)

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