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Wanda’s AMC to Buy Odeon in Global Push, Leaving Carmike Waiting

Updated on
  • Odeon buy is first billion-dollar U.K. asset deal since Brexit
  • AMC willing to work With Carmike on deal, balks on $40 a share

AMC Entertainment to Buy Odeon for $1.2B

AMC Entertainment Holdings Inc.’s $1.2 billion purchase of Odeon & UCI Cinemas Group extends Chinese billionaire Wang Jianlin’s movie-theater empire into Europe while leaving open the fate of its deal for the No. 4 U.S. chain Carmike Cinemas Inc.

“We have not even made a decision yet whether we will increase at all,” Adam Aron, chief executive officer of AMC Entertainment, said Tuesday in a telephone interview. “But what we are going to do is get in dialogue with Carmike and see if the deal can be salvaged.”