IMAX offers HK$10/share to acquire remaining 28.4% of IMAX China, ~49% premium to 30-day average

IMAX CORP

Total consideration ~HK$965M ($124M) for 96.3M shares not already owned; HK$10 per share in cash.
Premium of ~49% over 30-trading-day average closing price; expected close by December 31, 2023.
IMAX China contributed $5M Adjusted EBITDA (18% of total) in Q1 2023; $38M in FY2022 despite COVID.
Transaction funded via internal cash and/or external debt; subject to IMAX China shareholder and court approval.
Upon completion, IMAX China becomes wholly owned; listing on HK Stock Exchange to be withdrawn.

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