Cineworld terminated the $2.1bn acquisition of Cineplex.

Cineworld, the world's second-largest cinema chain, terminated the $2.1bn acquisition of Cineplex, Canada's largest cinema operator. "Cineworld has become aware of certain breaches by Cineplex of the arrangement agreement relating to the acquisition. In addition, a material adverse effect has occurred with respect to Cineplex. As a consequence of these matters and Cineplex’s unwillingness to cure the breaches, Cineworld has notified Cineplex that it has terminated the arrangement agreement with immediate effect. The acquisition will therefore not proceed," Cineworld.