FONT-SIZE Plus   Neg

Carmike Cinemas Launches Public Offering Of 4 Mln Shares

Carmike Cinemas, Inc. (CKEC) said Wednesday that it has commenced an underwritten public offering of 4 million shares of its common stock.

In addition, the company expects to grant the underwriters a 30-day option to purchase up to an additional 600,000shares of common stock, on the same terms and conditions, to cover over-allotments, if any.

Carmike said it plans to use the net proceeds from the offering for general corporate purposes.

Macquarie Capital is acting as the sole book-running manager for the offering.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK), formed by the combination of French Lafarge and Swiss peer Holcim, Wednesday said its sales declined for the third quarter as well as nine months. Apparel retailer Guess? Inc. (GES) on Tuesday reported a drop in profit for the third quarter, as revenues declined 12 percent. Earnings for the quarter trumped Wall Street estimates, while revenues were in line with expectations. Guess' third-quarter profit dropped to $12.4 million or $0.15 per share... Shares of Hewlett-Packard Co. (HPQ) slipped a near 6 percent in extended session on Tuesday after the computer and printer maker reported a fourth-quarter profit and revenues that fell short of Wall Street estimates, hurt largely by continued weak demand for PC. It is for the last time HP is releasing...
comments powered by Disqus
Follow RTT