Key Developments: Cinemark Holdings Inc (CNK.N)
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Latest Key Developments (Source: Significant Developments)
Cinemark Holdings Inc's Subsidiary Announces Sale Of Three Theatres To Carmike Cinemas Inc
Carmike Cinemas, Inc. announced that the signing of a definitive agreement to purchase three digital entertainment complexes in Louisville, KY (Stonybrook 20), Voorhees, NJ (Ritz Center 16) and Hickory Creek, TX (Hickory Creek 16) with an aggregate of 52 screens from Cinemark USA, Inc., a wholly-owned subsidiary of Cinemark Holdings, Inc. Terms of the agreement were not disclosed. The transaction is expected to close during the third quarter, subject to customary closing conditions. Full Article
Cinemark Holdings Inc Purchases 10 Acres in Roanoke Texas
Cinemark Holdings Inc announced that it has closed on 10 acres of land to construct a new 14-screen, all-digital movie theatre in Roanoke, Texas. The complex will feature the Company`s new Cinemark NextGen design concept. Scheduled to open in Spring 2015, the new multiplex will be located north of Ft. Worth at the junction of Highway 170 and Highway 114. When completed Cinemark will have 21 theatres serving the DFW area. Full Article
Cinemark Holdings Inc Closes $240 Million Acquisition of Rave Theatres
Cinemark Holdings Inc announced that it has completed the acquisition of Rave Cinemas. Cinemark acquired assets from Rave, primarily consisting of 32 theatres representing 483 screens located in 12 states for approximately $240 million in cash and the assumption of certain liabilities. Based on the Department of Justice final judgment, Cinemark is required to divest of three theatres. With the addition of the Rave theatres, Cinemark`s diversified domestic footprint expands into 40 states with an additional 7 DMAs, including the New England market. Full Article
Cinemark Holdings Inc Declares Quarterly Cash Dividend Of $0.21
Cinemark Holdings Inc announced that the Board of Directors has declared a cash dividend for the first quarter of 2013 of $0.21 per share of common stock. The dividend will be paid on June 20, 2013 to stockholders of record on June 6, 2013. Full Article
Cinemark Holdings Inc To Sell Assets To Settle Antitrust Concerns Surrounding Rave Holdings LLC Buy-DJ
Dow Jones reported that Cinemark Holdings Inc has agreed to sell movie theaters in three U.S. states as part of regulatory requirements to acquire Rave Holdings LLC, the Department of Justice said. Cinemark, a U.S.-based company with a significant presence in Latin America, in November agreed to buy movie theaters from Rave cinemas in 12 states. The settlement requires Cinemark to divest movie theaters in Kentucky, New Jersey and Texas in order to proceed with the $220 million acquisition. In addition, Cinemark's chairman has to sell Movie Tavern Inc., which operates theaters in Ft. Worth and Denton, Texas, that compete with Rave Cinemas, the DOJ said. Full Article
Cinemark Holdings Inc To Sell Mexico Subsidiaries To Grupo Cinemex
Cinemark Holdings Inc 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. (Cinemex). Full Article
Cinemark Holdings Inc Declares Quarterly Cash Dividend Of $0.21
Cinemark Holdings Inc announced that board of directors has declared a cash dividend for the fourth quarter of 2012 of $0.21 per share of common stock. The dividend will be paid on March 15, 2013 to stockholders of record on March 4, 2013. Full Article
Cinemark Holdings Inc's Cinemark USA, Inc. To Acquire 32 Theatres From Rave Cinemas
Cinemark USA, Inc., a wholly owned subsidiary of Cinemark Holdings Inc and Rave Real Property Holdco, LLC, an affiliate of Rave Cinemas (Rave), 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. All 483 screens to be acquired are fully digital and 37% of the screens are 3D capable. The assets to be acquired also include 7 IMAX screens and 9 premium large format auditoriums. Full Article
Cinemark Holdings Inc Declares Quarterly Cash Dividend Of $0.21
Cinemark Holdings Inc announced that its board of directors has declared a cash dividend for the third quarter of 2012 of $0.21 per share of common stock. The dividend will be paid on December 7, 2012 to stockholders of record on November 21, 2012. Full Article
Cinemark Holdings Inc Declares Quarterly Cash Dividend Of $0.21
Cinemark Holdings Inc announced that its Board of Directors has declared a cash dividend for the second quarter of 2012 of $0.21 per share of common stock. The dividend will be paid on September 5, 2012 to stockholders of record on August 21, 2012. Full Article
Cinemark movie theater deal gets U.S. antitrust okay
WASHINGTON - Cinemark Holdings Inc , which owns 467 theaters in the United States and Latin America with more than 5,000 screens, has won U.S. antitrust approval to buy Rave Holdings LLC movie theaters if the companies sell theaters in three states, the Justice Department said on Monday.

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