Cineplex resorting to ‘poison pill’ plan for stockholders

Cineplex, the embattled Canadian movie theater chain, is playing defense. Closing its doors because of the pandemic months ago, Cineplex has adopted a ‘poison pill’ or a stockholder rights plan,’ which is a defensive action against hostile and low-priced takeover attempts that take advantage of weakened stock prices. The Toronto-based company said its three-year plan… Continue reading at New York Post