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US: AMC to acquire Carmike for $1.1 Bn becoming world’s biggest theater chain

By  |  March 6, 2016

Movie goers will continue to see both the AMC Theatres and Carmike brand names after the companies complete their $1.1 billion (including debt) merger creating the world’s biggest exhibition chain.

Carmike’s purchase price per screen is approximately $376,000, and represents an approximate 19.47% premium to the company’s March 3, 2016 closing stock price.

This is another big acquisition for the Dalian Wanda Group, which announced last month that it acquired Legendary Entertainment. The merged company will become the largest theater conglomerate in USA with total theater locations of over 600 in 45 US states.

AMC now operates 387 theatres with 5,426 screens in the country’s top markets.

The deal is expected to be finalized by the end of the year.

Full content: Los Angeles Times

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