Onex to play hardball on hardtop scene

World Brief

MONTREAL — Onex Corp. is set to significantly expand its presence in the North American exhibition biz.

Onex prexy-CEO Gerald Schwartz says the company is going to invest hundreds of millions of dollars to acquire theaters from troubled exhibition chains. The Toronto-based firm led a group that inked a deal in February to take over Loews Cineplex Entertainment, the second-largest exhib in the U.S., in a deal worth $250 million.

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