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
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI