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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.

“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.”

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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