Billionaire Mark Cuban Discloses 9.4% Stake in Carmike Cinemas (CKEC)

Posted: December 29, 2008 at 9:12 am

Billionaire Mark Cuban disclosed a 9.4%, or 1,200,000 share, stake in Carmike Cinemas, Inc. (Nasdaq: CKEC). Cuban did not hold a prior stake in the company.

Curban disclosed that he paid $2,758,376 for the shares, or about $2.30 per share. Purchases were made from October through December. Shares of Carmike Cinemas closed at $2.03 on Friday.

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