Freshfields advised IMAX Corporation on proposed privatization of IMAX China
The total consideration is approximately US$124m in cash and the completion is expected by this year-end
Freshfields Bruckhaus Deringer has been advising IMAX Corporation on its proposed privatization of IMAX China Holding Inc. This is by way of the Cayman Islands Scheme of Arrangement.
Under the transaction, IMAX Corporation, a leading entertainment technology company listed on the New York Stock Exchange, will make an offer for 96.3 million shares of IMAX China that it does not own yet. An offer will also be made to holders of IMAX China’s share incentives.
Once effective, IMAX China will become a wholly owned subsidiary of IMAX Corporation and will be delisted from the Hong Kong Stock Exchange.
IMAX China is an entertainment company specializing in digital and film-based motion picture technologies.
In 2015, Freshfields advised the firm on the Hong Kong Stock Exchange.
The Freshfields Bruckhaus Deringer team was led by Partners Robert Ashworth and Sarah Su. They were supported by associates Kelly Huang, Dickson Chan, and Lingling Wang.
The support on finance aspects was provided by Partner Daniel French and counsels Celia Zhou and Don Methven. Counsel Stephanie Chiu advised on employment issues and counsel Laurent Bougard provided merger control advice. The US advice was provided by Partners Peter Lyons and Paul Humphreys, counsel Brian Lewis and associate Chinyere Obi.