Key Developments: Cinemark Holdings Inc (CNK)
30.06USD
20 May 2013
$-0.13 (-0.43%)
$30.19
$30.13
$30.26
$29.90
388,347
696,217
$31.77
$20.99
Latest Key Developments (Source: Significant Developments)
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 Holdings Inc Announces Opening Of New 14-Screen All-Digital Movie Theatre In Fort Worth
Cinemark Holdings Inc announced that it will open a new 14-screen, all-digital movie theatre featuring the new Cinemark NextGen cinema design concept in north Fort Worth on June 8, 2012. The Cinemark Alliance Town Center and XD located at 9228 Sage Meadow Trail, Fort Worth will showcase wall-to-wall and floor-to-ceiling screens, enhanced sound systems, and digital presentation in every auditorium. The theatre will feature a Cinemark XD: Extreme Digital Cinema auditorium, and seven of the auditoriums will be RealD 3D capable. Full Article
Cinemark Holdings Inc Declares Quarterly Cash Dividend
Cinemark Holdings Inc announced that its board of directors has declared a cash dividend for the first quarter of 2012 of $0.21 per share of common stock. The dividend will be paid on June 19, 2012 to stockholders of record on June 6, 2012. Full Article
Cinemark Holdings Inc Names Tim Warner As Chief Executive Officer
Cinemark Holdings Inc announced that that Tim Warner, who led the Company’s expansion throughout Latin America as the President of Cinemark International before becoming President of the domestic circuit in 2006, has been promoted to the position of Chief Executive Officer. The appointment follows notification by Alan Stock, who has served as Chief Executive Officer since December 2006, of his decision to step down from his current leadership position and retire from Cinemark. Mr. Stock will serve in a transitional role at Cinemark through May 1, 2012 and continue in an advisory role as a consultant for the Company for a two year period thereafter. Full Article
Cinemark Holdings Inc Declares Quarterly Cash Dividend of $0.21
Cinemark Holdings Inc announced that its Board of Directors have declared a cash dividend for the fourth quarter of 2011 of $0.21 per share of common stock. The dividend will be paid on March 16, 2012 to stockholders of record on March 2, 2012. Full Article
Cinemark Holdings Inc Announces Pricing Of Sale Of Shares By Madison Dearborn Capital Partners IV, L.P.
Cinemark Holdings Inc announced the pricing of the previously announced public offering by Madison Dearborn Capital Partners IV, L.P. of 10,203,708 shares of Cinemark’s common stock at a price to the public of $20.12 per share. Upon completion of the offering, Madison Dearborn Capital Partners IV, L.P. will no longer own any shares of Cinemark’s common stock. The offering is expected to settle and close on November 15, 2011, subject to customary closing conditions. Cinemark will not receive any proceeds from this sale of its common stock. Barclays Capital Inc. and Morgan Stanley & Co. LLC are the underwriters of the offering. 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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