Report: IMAX Partner Mulling Takeover Bid

Might IMAX (NYSE: IMAX) soon be a takeover target?

According to Street Insider, that's a growing possibility. Citing an unnamed source, the media outlet said IMAX partner Barco is considering a buyout attempt. It has hired "investment bankers and other professionals," to help in this effort. The article did not mention a possible price or price range for the company. As of the end of trading on Monday, IMAX's market capitalization was just under $772 million.

Neither Barco nor IMAX has yet commented on the report.

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Source Fool.com