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Stock Market & Financial Investment News

News Breaks
October 15, 2012
09:15 EDTCNKMore suits filed against Cinemark over theater shooting, LAT reports
Four additional lawsuits have been filed against Cinemark (CNK) alleging that the theater failed to adequately protect victims of the July shooting at a midnight screening of "The Dark Knight Rises," The Los Angeles Times reported on Friday. Reference Link
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May 20, 2013
16:29 EDTCNKDoJ reaches settlement with Cinemark in Rave Holdings deal
The Department of Justice announced that it has reached a settlement with Cinemark Holdings and Rave Holdings that requires Cinemark to divest movie theaters in Kentucky, New Jersey and Texas, in order to proceed with its $220M acquisition of Rave Cinemas movie theaters. In addition, Cinemark’s chairman is required to divest Movie Tavern, which operates theaters in Ft. Worth and Denton, Texas, that compete with Rave Cinemas. Reference Link

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