UK's Cineworld up on report Elliot plans to buy co's eastern Europe, Israel ops
27/03/2023 09:50
** Shares of Cineworld Group Plc CINE.L climb as much as
11% to 2.611p - among top pct gainers across London shares
** Activist investor Elliott Management is planning a
takeover of parts of the embattled British cinema operator, Sky
News reported on Saturday
** Elliott is interested in acquiring Cineworld's operations
in eastern Europe and Israel - Sky News
** Elliott has tabled a bid to buy Cineworld's operations
outside Britain and U.S., and is understood to have explored a
bid for the whole of the London-based group, the report said
** Stock set to post best day since March 3, if trend holds
** Including session's gain, stock down over 31% YTD
(Reporting by Aby Jose Koilparambil in Bengaluru)
((abyjose.koilparambil@thomsonreuters.com))