IMAX made news over the holidays when its stock jumped on speculative reports that Sony was angling to buy the company, though IMAX officially claimed not to know anything about it. Today, IMAX issued glowing year-end results.
TORONTO AND LOS ANGELES – JANUARY 3, 2011 – IMAX CORPORATION today
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Fueled by a speculative report in Britain’s Daily Mail that IMAX is being courted by Sony Corporation, the oversized screen company’s stock price rose from $27 to $32 per share, ending at $28.07. The report asserted that Sony would pay $40 per share for the publicly traded company. The pre-holiday … Read More »