Carmike approves merger with AMC

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s