Imax says it’s open to a sale. Why is no one buying?

Imax indicated openness to a potential sale in December, and nearly nine months later the company has achieved significant operational milestones. The company’s stock reached an all-time high, and box office performance has set records as the year progresses. However, despite these achievements, no major suitors have come forward with formal acquisition proposals. The company held preliminary discussions with potential buyers earlier in the year, but as of May had not received any officia