Barrington Research Downgrades Carmike Cinemas (CKEC) to Market Perform

Carmike Cinemas (CKEC) Determines that AMC Theatres Merger is Best Interest for Shareholders

Carmike Cinemas, Inc. (Nasdaq: CKEC) issued the following statement regarding its previously announced definitive merger agreement with AMC Theatres (AMC Entertainment Holdings, Inc.) (NYSE: AMC):

"The Carmike Board of Directors unanimously determined that... More

B. Riley Downgrades Carmike Cinemas (CKEC) to Neutral

(Updated)

B. Riley downgraded Carmike Cinemas (NASDAQ: CKEC) from Buy to Neutral with a price target of $30.00 (from $33.00). The downgrades follows the proposed acquisition by AMC Entertainment.

Analyst Eric Wold said, "While we acknowledge there may be a... More

Wedbush Downgrades Carmike Cinemas (CKEC) to Neutral on Pending Takeover

Wedbush downgraded Carmike Cinemas (NASDAQ: CKEC) from Outperform to Neutral with a price target of $30.00 (from $34.00) after the company agreed to be acquired by AMC.

For an analyst ratings summary and ratings history on Carmike Cinemas... More

Topeka Capital Downgrades Carmike Cinemas (CKEC) to Hold

Topeka Capital downgraded Carmike Cinemas (NASDAQ: CKEC) from Buy to Hold.

For an analyst ratings summary and ratings history on Carmike Cinemas click here. For more ratings news on Carmike Cinemas click here.

Shares of Carmike Cinemas closed at $29.25 yesterday.

AMC Entertainment (AMC) to Acquire Carmike Cinemas (CKEC) in $1.1B Deal

AMC Entertainment (NYSE: AMC) and Carmike Cinemas, Inc. (Nasdaq: CKEC) 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 price per screen is approximately $376,000, and the per share purchase price represents an approximate 19.47% premium to Carmikes March 3, 2016 closing stock... More