IMAX Shares Surge as Takeover Speculation Heats Up
December 31, 2010 at 13:04 PM EST
Shares of Imax Corp. (IMAX), which closed at $26.86 on Thursday evening, jumped more than 20 percent in early trading on Friday, the highest intraday PPS since January 1999. Strength being attributed to a BNN article that says Sony (SNE) and Imax are potentially in talks over a merger, with Sony buying Imax at $40 [...]
