Barrington Research Downgrades Carmike Cinemas (CKEC) to Market Perform
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AMC Theatres to Acquire Carmike Cinemas, Creating Largest Chain of Movie Theatres in the U.S. and the World
March 3, 2016 7:05 PM ESTCombines Highly Complementary Theatre Circuits to Expand Platform for AMCs Guest Experience and Strategic Growth Initiatives
LEAWOOD, Kan. & COLUMBUS, Ga.--(BUSINESS WIRE)-- AMC Theatres (AMC Entertainment Holdings, Inc.) (NYSE: AMC) (AMC) and Carmike Cinemas, Inc. (NASDAQ: CKEC) (Carmike) announced today they have entered into a definitive merger agreement pursuant to which AMC will acquire all of the outstanding shares of Carmike for $30.00 per share in cash. The transaction is valued at approximately $1.1 billion, including the assumption of Carmike net indebtedness. The purchase... More
