Cineworld stock tanks over 20% after warning that potential takeover bids may be no panacea for shareholders

Cineworld stock tanks over 20% after warning that potential takeover bids may be no panacea for shareholders

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Shares in struggling cinema chain Cineworld Group CINE, fell more than 20% on Friday after the company said it was screening a number of takeover offers, but warned that any potential sale may leave shareholders left in the lurch. In a statement issued to the London Stock Exchange, the world’s…

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