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US: AMC expects resistance to final offer

By  |  July 25, 2016

After delivering a final offer of $1.2 billion, including debt, for Carmike Cinemas, AMC Theatres’ CEO Adam Aron said that he expects a “hysterical letter of protest to come out any second” from shareholders who think this new $33.06 a share offer is still too low.

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    “This new $33.06 price and 70-30 cash-stock mix is AMC’s best and final offer to acquire Carmike. This is it. We’re done. There’s no more water in this well.”

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    He went on to say that if the offer is rejected, AMC will move on to an offer to buy Europe’s largest chain, Odeon & UCI Cinemas Group.

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