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Stock Market & Financial Investment News

News Breaks
February 15, 2013
16:17 EDTCNKCinemark to sell Mexico subsidiaries to Cinemex
Cinemark Holdings (CNK) announced that they have entered into a stock purchase agreement pursuant to which Cinemark will sell all of the issued and outstanding shares of capital stock of Cinemark de Mexico S.A. de C.V. and its subsidiaries to Grupo Cinemex, S.A. de C.V. and Cadena Mexicana de Exhibicion, S.A. de C.V. Roberto Jenkins, Cinemark's General Manager of Mexico, commented, "I have been fortunate to lead Cinemark Mexico since its entrance into the market in 1994 and am proud of the team we have developed, as well as our success in building a great company. Though it is difficult to sell the company, I am pleased that we are being acquired by such a well-respected company that is committed to the industry. I am confident Cinemex's leadership and execution will further enhance the success of the assets."
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July 18, 2014
09:14 EDTCNKCinemark benefiting from Latin America strength, says MKM Partners
MKM Partners believes that Cinemark's Latin America business is regaining momentum, which should help mitigate the impact of weaker U.S. box office trends. The firm expects the company's to benefit from a strong content cycle beginning next year, as well as free cash flow growth over the next several years. It keeps a Buy rating on the shares.

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