Cineworld tops North American box office with Cineplex deal

(Reuters) - Cineworld will buy Canada's Cineplex for $1.65 billion (£1.29 billion) in cash, making the British firm the biggest cinema operator in North America as it looks to tackle increasing competition from online streaming services.Cineworld said on Monday the deal, which values Cineplex at $2.1 billion including debt, would involve it seeking $2.3 billion in loans, sending shares of the FTSE-250 member down as much as 9% and erasing early gains.The C$34 ($25.56) per share offer is at a..