Cineworld (LON: CINE) stock price closed nearly 7% lower on Friday after Cineplex (TSE: CGX) said it will sue the British firm for “wrongful” termination of the buyout deal. As a result, Cineworld share price closed in the red for the fourth consecutive week. Fundamental analysis: Cineplex seeks damages Cineworld, the world’s second-largest cinema chain, is facing a lawsuit after Canada’s Cineplex said it will go to court to seek damages. According to Cineplex, the British cinema giant “wrongfully” terminated a $1.65 billion buyout deal last month. “The contractual agreements between the parties expressly exclude outbreaks of illness, such as
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