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Stock Market & Financial Investment News

News Breaks
November 18, 2012
13:43 EDTCNKCinemark to acquire 32 theatres from Rave Cinemas
Cinemark USA and Rave Real Property Holdco, an affiliate of Rave Cinemas announced that they have entered into an asset purchase agreement pursuant to which Cinemark will acquire substantially all of the assets of Rave, primarily consisting of 32 theatres located in 12 states, representing 483 screens, for a purchase price of approximately $240 million. The purchase price, the amount of which is subject to certain closing date adjustments, will consist of cash consideration and the assumption of certain liabilities. “The acquisition of these high quality assets will further enhance Cinemark’s diversified domestic footprint, including the expansion of our presence in the New England market,” stated Tim Warner, Cinemark’s Chief Executive Officer.
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August 21, 2015
08:19 EDTCNKCinemark to hold a conference call
Management announces that as of August 24, 2015, Tim Warner will be stepping down as CEO and Mark Zoradi will be named the new CEO on a conference call to be held on August 21 at 10 am.
August 20, 2015
16:35 EDTCNKCinemark appoints Mark Zoradi as CEO
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