Date: 2nd January 2001

Another Chain Heading For Bankruptcy?

Toronto-based exhibitor Cineplex Odeon may become the next major film chain to file for bankruptcy protection, the Toronto Star observed in its current edition.

The newspaper indicated that the company may soon be up for grabs at distress-sale prices and that Onex Corp, which has been talking to Cineplex about a possible takeover and restructuring, is likely to emerge the winning buyer.

Source: Studio Briefing