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Carmike Cinemas To Acquire 16 State-of-the-Art Theatres With 251 Screens From Rave Reviews Cinemas, LLC

The following table lists the theatres being acquired.

           

State

Market

Theatre

State

Market

Theatre
AL Birmingham Lee Branch 15 FL Pensacola Pensacola 18
AL Birmingham Patton Creek 15* FL Port St. Lucie Port St. Lucie 14
AL Birmingham Vestavia Hills 10 IN Fort Wayne Jefferson Point 18*
AL Daphne Jubilee Square 12 IN Indianapolis Metropolis 18
AL Huntsville Valley Bend 18* IL Peoria Grand Prairie 18*
AL Orange Beach Wharf 15 PA Allentown Promenade 16*
FL Melbourne Avenue 16 TN Chattanooga East Ridge 18*
FL Pensacola Bayou 15* TX Houston Yorktown 15

 

* Denotes theatre with an IMAX auditorium
 

Carmike expects to complete the acquisition in the fourth quarter, subject to customary closing conditions. The assumed lease obligations are subject to customary accounting adjustments to reflect the acquisition date fair value of such obligations.

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