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News Breaks | | | | March 4, 2013 | | 08:31 EDT |  | CNK | Cinemark downgraded to Neutral from Buy at B. Riley Caris
B. Riley Caris downgraded Cinemark to reflect six weeks of disappointing box office weekends and difficult March comps. Price target cut to $31 from $33. | |
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News For CNK From The Last 14 Days Check below for free stories on CNK the last two weeks. |
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| May 20, 2013 | | 16:29 EDT |  | CNK | DoJ 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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