COLUMBUS, Ga. – Carmike Cinemas has agreed to a merger with AMC. A special meeting was held with stockholders Tuesday in which Carmike approved the amended merger agreement with AMC.
More than 86% voted in favor of the merger and the transaction totals $1.2 billion in cash and stocks.
The transaction is subject to closing conditions, including regulatory approval. The merger is expected to be completed by the end of 2016 or in early 2017.