Report: IMAX Partner Mulling Takeover Bid
Might IMAX (NYSE: IMAX) soon be a takeover target?
According to Street Insider, that's a growing possibility. Citing an unnamed source, the media outlet said IMAX partner Barco is considering a buyout attempt. It has hired "investment bankers and other professionals," to help in this effort. The article did not mention a possible price or price range for the company. As of the end of trading on Monday, IMAX's market capitalization was just under $772 million.
Neither Barco nor IMAX has yet commented on the report.
Source Fool.com
