AMC Entertainment to Buy Carmike Cinemas

| March 9, 2016

AMC_photo2AMC Entertainment Holdings will acquire Carmike Cinemas Inc. in a deal valued at about $1.1 billion, including debt, making the combined company the largest U.S. theater chain. AMC will pay $30 per share in cash to buy all of Carmike’s outstanding shares, which represents a premium of about 19.5 percent to Carmike’s Thursday’s close.

Chinese property and investment firm Dalian Wanda Group had acquired AMC Entertainment for $2.6 billion in 2012. CLICK HERE TO READ ENTIRE STORY.

Source: Fortune

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