IMAX: Not Being Acquired By Disney; Someone Issued A Fake Press Release

Someone was being naughty this morning.

IMAX (IMAX) today issued a short announcement to say that a “false press release” this morning said the company was being acquired by Disney (DIS). “The Company has not been acquired, nor is it in discussions with The Walt Disney Company about a potential acquisition,” IMAX said.

You can find the fake news here, here and here.  The fake release is not very convincing; someone apparently cut-and-pasted some new paragraphs into the release announcing Disney’s acquisition of Marvel. The fake release includes chunks of the Marvel release, with a few insertions about IMAX. It also includes this sentence:

If you can get in at a good price tomorrow morning at the open, it maybe something to ask the advise of your broker on.

Nicely written sentence, don’t you think?

IMAX shares actually moved up as much as 6% on the fake news in pre-market trading; the stock now is up 4 cents at $9.47.