RBC Capital Downgrades Carmike Cinemas (CKEC) to Sector Perform

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Go back to RBC Capital Downgrades Carmike Cinemas (CKEC) to Sector Perform

Carmike Cinemas Issues Statement

March 8, 2016 6:47 PM EST

COLUMBUS, Ga., March 8, 2016 /PRNewswire/ -- Carmike Cinemas, Inc. (NASDAQ: CKEC) today issued the following statement regarding its previously announced definitive merger agreement with AMC Theatres (AMC Entertainment Holdings, Inc.) (NYSE: AMC) ("AMC"):

"The Carmike Board of Directors unanimously determined that AMC's offer is in the best interest of Carmike's shareholders.  The Board made this determination after thoughtful consideration of the options available to the Company, including the level of interest from other third parties and the value potential of... More