Business
Business

AMC to buy Georgia-based Carmike Cinemas

By
March 4, 2016

AMC Theatres plans to acquire Columbus-based Carmike Cinemas in a $1.1 billion deal that will create the world’s largest theater chain, the companies said late Thursday.

AMC said it will pay $30 per share for Carmike, plus assume the Georgia company’s debt. The share price is about a 19.5 percent premium to Carmike’s stock price at the end of trading Thursday.

AMC is owned by a Chinese conglomerate Dalian Wanda Group.

The deal will create a combined company with more than 600 theaters across 45 states, according to a news release. AMC operates more than 5,400 screens, largely in major metro areas, while Carmike has nearly 3,000 screens, mainly in secondary markets. The deal is expected to close later this year.

About the Author

J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.

Follow J. Scott Trubey on twitter
More Stories

Keep Reading

Protesters gather outside of the Centers For Disease Control and Prevention headquarters in Atlanta on Friday, March 28, 2025. (Ben Gray for the AJC)

Credit: Ben Gray for the Atlanta Journal-Constitution

Federal government slashes office leases across Georgia

The federal government’s cost-cutting campaign has resulted in 11 canceled office leases in Georgia so far this year, the sixth most of any state, new data show.

How AI is revolutionizing ATL’s international terminal

A new automated customs process for Americans is just one of many possible applications of AI technology that are being explored at the Atlanta airport.

The new airport chief wants you to have to spend less time at the airport

“I think we still have to make the case that it is the most efficient terminal in the world,” Ricky Smith told the AJC's editorial board.

The Latest

The Mercedes-Maybach GLS 600 SUV is a good example of a modern luxury vehicle. (Courtesy of Brian Moody)

Credit: Special

What do you get with a $200,000+ luxury SUV? The options are endless.

As Fulton eyes property tax increase, critics say commercial values too low

California upgraded its film incentive program. How will this affect Georgia?

Featured

Atlanta Mayor Andre Dickens (right) tours the Vine City neighborhood with his senior advisor Courtney English (left). (Matt Reynolds/AJC 2024)

Credit: Matt Reynolds

Atlanta Mayor Dickens names Courtney English interim chief of staff

A top adviser to the mayor, English previously served as chair of the Atlanta Board of Education.

The new airport chief wants you to have to spend less time at the airport

“I think we still have to make the case that it is the most efficient terminal in the world,” Ricky Smith told the AJC's editorial board.

What to know if you’re headed to Truist Park for All-Star Game events

A guide to weather, transportation and ballpark security.