IMAX to Acquire Full Ownership of China Subsidiary for $124 Million

IMAX is proposing to buy the 29% stake it doesn't already own in IMAX China for $124 million.
The deal would give IMAX more flexibility and control in the growing Chinese market.
IMAX expects the acquisition to lead to cost savings, tax efficiencies and increased earnings.
IMAX China, headquartered in Shanghai, has seen success with local language films and Hollywood blockbusters.
The purchase price represents a 49% premium over IMAX China's recent share price.