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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.
News For CNK From The Last 14 Days
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May 19, 2015
12:50 EDTCNKCinemark management to meet with MKM Partners
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May 15, 2015
10:50 EDTCNKCinemark to construct new 14-screen movie theatre in Tucson, AZ
Cinemark Holdings announced plans to construct a Century branded, 14-screen, all-digital movie theatre that will feature Luxury Lounger reclining chairs in all auditoriums at the Tucson Marketplace at the Bridges, located at the northwest intersection of Interstate 10 and South Kino Parkway. The new theatre is scheduled to open in summer of 2016.

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