Why Mooky will take Cineworld private at £1.50-£2.00 A share11 Aug 2020 23:48
1. There were rumours Mooky was considering this in November 2019, so this probably was on the agenda before.
2. Mooky doesnt want to lose Cineworld to one of the big film studios following the recent law change allow8ng film studios to own cinema chains. Mooky's family has been in this business 90 years and want to continue that tradition. Mooky loves cinema.
3. Price has been hammered in the pandemic so Mooky could buy the rest of the equity relatively cheaply.
I reckon Cineworld will go for @£1.50-£2.00 in the next few weeks. Existing shareholders would not accept anything less.
All IMO but it's a very strong hunch. I would do that if I was Mooky and wanted to keep my beloved Cineworld.