IMAX Shares Surge After Hours on Sale Consideration Reports
Deep News
May 22
IMAX Corp's stock jumped 12% in after-hours trading following media reports that the company is exploring a potential sale and has contacted several entertainment firms as possible buyers.
According to sources cited in the reports, the sale process remains in its early stages, and a transaction may not ultimately be reached.
As of Thursday's market close, IMAX's stock price had declined 8.3% year-to-date.
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