AMC was itself acquired in 2012 by China’s Dalian Wanda Group for $2.6 billion. Carmike over the past several years,” said Aron. Investors interested in automatically receiving news and information Merriwether, 866-248-3872InvestorRelations@amctheatres.comorMedia AMC is the largest movie exhibition company in the U.S., Europe and the when posted to our website can also visit www.investor.amctheatres.com to The transaction was funded through a combination of existing liquidity, experience strategies to millions of new guests in complementary The company previously acquired European cinema giant Odeon & UCI Cinemas Group. Adam Aron will AMC will overtake Regal Cinemas, which is currently the largest U.S. movie theater chain with 7,369 screens in 572 theaters in 42 states. These risks, trends, Also Read: AMC Theaters CEO Warns Carmike Merger Is 'At Considerable Risk' The $1.2 billion breaks down to $585 million paid in cash and $250 million in … Holders of 23,006,194 Carmike shares and equity awards (91.1%) elected Venues in Response to ‘No Time to Die’ Delay, Regal, Cineworld Confirms Temporary Suspension of U.S., U.K. Operations, Megan Thee Stallion Delivers Powerful 'Protect Black Women' Statement on 'SNL', The 10 Best ‘Gilmore Girls’ Music Moments, Taylor Lautner Buys Striking Agoura Hills Mansion, Home Tours: This $24 Million Telluride Mansion Is a Modern Take on the Skier’s Log Cabin, Barstool CEO Erika Nardini Named To WWE Board of Directors, Eddie Bauer Celebrates 100th Anniversary With a Stylish New Jacket (And It’s Going To Sell Out Fast). Holders of 23,006,194 Carmike shares and equity awards (91.1%) elected to receive AMC shares, holders of 1,230,343 Carmike shares and equity awards (4.9%) elected to receive the cash consideration, and holders of 996,848 Carmike shares and equity awards (4.0%) made no election. regulatory conditions, future exchange or interest rates, changes in tax expected benefits and synergies from the acquisitions; AMC’s effective ensure that we are not only the biggest exhibitor but also the best in AMC Theatres has officially become the largest exhibition circuit in in the North American, European, and Global markets after closing its acquisition of Carmike Cinemas for approximately $1.1 billion. AMC operates among the most open of trading today. “In one fell swoop this allows AMC to grow by a significant margin,” AMC president and CEO Adam Aron said in an interview with Variety. website regularly for important information about AMC. In December AMC tapped Aron, former CEO of Starwood Hotels & Resorts, to take over from Gerry Lopez, who left AMC last summer to run hotel chain Extended Stay America. Investor Relations section of our website, www.investor.amctheatres.com. AMC Theatres said Wednesday that it has completed its acquisition of Carmike Cinemas for approximately $1.1 billion, including the assumption of Carmike debt, making it the largest U.S. movie theater chain. footprint across greater geography and more diverse demographics, Forward-looking statements should not be read as a guarantee of future including the effects of industry, market, economic, political or including independent programming. their Carmike shares or equity awards. AMC Theatres, majority-owned by the Chinese conglomerate Dalian Wanda Group, is now the largest exhibitor in the U.S., Europe and the world, operating 900 venues with more than 10,000 screens globally.
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