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Carmike Cinemas Inc Announces Full Exercise Of Over-Allotment Option In Common Stock Offering

Friday, 16 Aug 2013 04:01pm EDT 

Carmike Cinemas Inc announced the full exercise of the over-allotment option granted to the underwriters to purchase an additional 675,000 shares of Carmike's common stock, at a price to the public of $18.00 per share, in connection with Carmike's previously announced underwritten public offering, bringing the net proceeds from the offering to approximately $88.1 million, after deducting underwriting discounts and estimated offering expenses. The closing of the over-allotment option occurred, August 16, 2013. Carmike plans to use the net proceeds from this offering for potential acquisitions, working capital, capital expenditures or other general corporate purposes. Macquarie Capital acted as the sole bookrunning manager for the offering. B. Riley & Co., Wedbush Securities, Barrington Research, Maxim Group LLC and Ascendiant Capital Markets, LLC acted as co-managers. 

Company Quote

0.33 +1.07%
11:04am EDT