Carmike Taking Over Rave Theaters

Carmike Theaters is working on the last part of a 19 million dollar deal that will have them buying up Rave Theaters. Rave owns 16 different theaters around the country, one of which is here in Fort Wayne. The folks from Carmike say they’re in hopes of wrapping up this deal by the end of the year. Carmike will also assume about a hundred million dollars in lease options for those 16 different theaters.