logo
Share SHARE
FONT-SIZE Plus   Neg

Carmike Cinemas Launches Public Offering Of 4 Mln Shares

Carmike Cinemas, Inc. (CKEC: Quote) 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

Editors Pick
International Business Machines Corp. said Monday after the markets closed that its first quarter profit fell 2.4% from last year, as improved margins could not offset a 12% decrease in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Norway is all set to shut down FM radio in 2017, Radio.no reported. The Nordic country will be the first to scrap as it plans a shift to Digital Audio Broadcasting. The trailer of Star Wars: The Force Awakens, the latest installment from epic space film franchisee created by George Lucas, has sent both fans and Disney investors into a frenzy. Walt Disney Co.'s (DIS) market capitalization, which now owns the Star Wars franchisee, was boosted by about $2 billion...
comments powered by Disqus
RELATED NEWS
Trade CKEC now with 
Follow RTT