|Bid||1.6100 x 0|
|Ask||2.4800 x 0|
|Day's range||2.0300 - 2.4490|
|52-week range||1.8000 - 35.6820|
|Beta (5Y monthly)||3.36|
|PE ratio (TTM)||N/A|
|Earnings date||28 Mar 2023 - 02 Apr 2023|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 Apr 2020|
|1y target est||1.15|
The renowned activist investor Elliott Management is plotting a takeover of large chunks of Cineworld, the stricken London-listed cinema operator. Sky News has learnt that Elliott is interested in acquiring Cineworld's operations in eastern Europe and Israel. While Elliott is also understood to have explored a bid for the whole of the ailing group, its latest proposal to Cineworld's advisers does not include the company's operations in the UK and US, according to insiders.
Cineworld, the world's second-largest cinema chain operator, is exploring a sale and looking at a possible plan of reorganisation to fix its debt-ridden balance sheet as it aims to exit Chapter 11 bankruptcy in the first half of this year. It was unclear whether the discussions would be revived, the Sky report added. Cineworld and Vue International declined to comment on the report.
A blockbuster plot hatched by Vue International to merge with Cineworld, its stricken London-listed rival, has stalled. Sky News understands that Vue has been frozen out of a sale process being run by Cineworld's advisers, leaving the privately held company unable to pursue discussions about a deal. Vue's founder, Tim Richards, has been attempting to engineer a tie-up between two of the UK's largest cinema operators, with Cineworld having filed for Chapter 11 bankruptcy protection in the US last summer.