Travel & Entertainment M&A » By The Online Investor Staff, updated Fri., Jun. 9, 8:15 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #53. Cinemark Holdings, Inc. — Rave Theatres
Acquirer:
Cinemark Holdings, Inc. (NYSE:CNK)
Acquiree:
Rave Theatres
Details:
Cinemark Holdings, Inc. (NYSE:CNK), one of the largest motion picture exhibitors in the world, announced today that it has completed the acquisition of Rave Cinemas.
Cinemark Holdings is a holding company. Through its subsidiaries, Co. operates in the motion picture exhibition industry, with theatres in the U.S. and Latin America. Co. provides a variety of content at its theatres. Co. monitors upcoming films and other content and works with film distributors to license the content. Co. plays films from various genres, such as dramas, comedies, horror and action films. Co. provides content in both 2-D and 3-D formats as well as its own premium large format, XD or IMAX. Co.'s main concession products provided at its theatres include various sizes and types of popcorn, soft drinks, coffees, non-carbonated drinks, candy and prepared or pre-prepared food.
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Buy (3.15 out of 4) 37th percentile
(ranked lower than approx. 63% of all stocks covered)
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