IMAX: "Not Aware Of Any Corporate Developments To Account For This Activity"

IMAX Corp. IMAX released a statement a few minutes ago saying that it is not aware of any corporate developments to account for the unusual activity in its stock price. The Company's policy is not to comment on rumors or speculation, and accordingly does not intend to comment further. An article from earlier today in the Daily Mail suggested that Sony SNE is preparing a $40 per share bid for the cinema chain and that Walt Disney DIS is also interested in the company. Porter Bibb, Managing Director at Mediatech Capital Partners confirmed the rumors. Shares of IMAX have fallen precipitously on the statement from the company. Prior to the press release they were up more than 15%, but are currently trading up just 6.66% at $28.67.