Skip to main content
Access every election story that matters
Enjoy unlimited digital access
$1.99
per week for 24 weeks
Access every election story that matters
Enjoy unlimited digital access
$1.99
per week
for 24 weeks
// //

Here are the top reads on deals and financial services over the last 24 hours,

DEALS NEWS: MERGERS, ACQUISITIONS, IPOs and FINANCINGS

U.K. movie-theatre giant to buy Cineplex in $2.2-billion deal: Britain’s Cineworld Group PLC struck a $2.2-billion deal for Cineplex Inc., a move that creates North America’s largest movie-theatre chain at a time when the industry faces increasing competition from online services. Story (Susan Krashinsky Robertson)

Story continues below advertisement

Spoiler alert: Despite ‘go shop’ clause, no better bid is on the way for Cineplex: Trust a theatre owner to deliver a dramatic ending. Cineplex Inc. chief executive Ellis Jacob gave his shareholders a thrill with a $2.2-billion takeover bid from British-based rival Cineworld Group PLC that still leaves open the delicious possibility of a bidding war for Canada’s dominant movie chain. The deal is pitched at a 42-per-cent premium to the recent price of Cineplex shares, and contains what investment bankers call a “go shop” provision, which allows Cineplex to spend the next seven weeks trying to find a richer offer. Opinion (Andrew Willis)

B.C.’s General Fusion aims to build safe, clean power plant of the future with US$65-million funding: General Fusion Inc., a B.C. company backed by Jeff Bezos, has raised US$65-million to build a prototype plant in its quest to prove that nuclear fusion energy can be a commercially viable, carbon-free source of power. Story (Sean Silcoff and Josh O’Kane)

FINANCIAL SERVICES NEWS

Canada joins the new lending craze: sustainable loans with floating interest rates: A new wave of “green lending” has hit Canada, with Bank of Montreal issuing the country’s first sustainability-linked loan to Maple Leaf Foods. Story (Tim Kiladze)

HBC delays shareholder vote on take-private bid after Friday’s OSC ruling: Hudson’s Bay Co. will postpone a shareholder vote on a takeover offer after an Ontario Securities Commission ruling and as a dissident shareholder threatens to “take additional steps” if the retailer fails to reconsider its higher-priced offer. Story (The Canadian Press)

The Streetwise newsletter is Monday to Friday. If you’re reading this on the web, or if someone forwarded this e-mail to you, you can sign up for Streetwise and all Globe newsletters on our signup page.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies