AMC to Buy Carmike in Boosted Deal Valued at About $1.2 Billion

AMC Entertainment Holdings Inc. raised its bid to acquire Carmike Cinemas Inc. in a deal valued at about $1.2 billion.

Carmike shareholders will get the choice of receiving either $33.06 in cash or 1.0819 shares of AMC’s Class A common stock, according to a statement Monday. The deal includes the assumption of Carmike’s net debt.

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