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Potential IMAX sale subject to foreign investment rules says Canadian Heritage

News | 07/26/2000 4:00 am EDT

Any potential sale of Imax Corp to a foreign company won’t go ahead without the approval of the foreign investment branch of Canadian Heritage, says the country’s top review official. The Toronto company announced July 13 that it was looking at "strategic alternatives" including the sale or merger of the company in an effort to bolster its languishing stock price.

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