So it’s probably not inappropriate to find that Corona Chairman Ned Goodman and fellow Corona directors Peter Steen and Myron Gottlieb (that’s directors as in “board of,” not “creators of”) were key backers in Garth Drabinsky’s bid to buy a major block of shares in Cineplex Odeon from Charles Bronfman.
Drabinsky is chairman of the board at Cineplex Odeon, the second largest owner of movie theatres in North America. Gottlieb, by the way, is Drabinsky’s co-chairman.
Drabinsky’s bid has been squelched by the Quebec Securities Commission on the grounds that it amounts to a takeover bid and minority shareholders were not offered the same deal as Bronfman.
That may be just as well. We had visions of visiting the local movie house to watch a movie starring matinee idol Murray Pezim, Corona’s honorary chairman, buying popcorn from Steen and having our ticket punched by the Supreme Court of Canada’s chief justice.
It’s a scary thought.
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