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Carmike Postpones Shareholder Vote as AMC Considers Higher Bid

June 5, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of the AMC Entertainment Holdings were down slightly Friday morning after reports that AMC is considering raising its bid for Carmike Cinemas . AMC had already offered $1.1 billion for the smaller movie theater chain. People familiar with the matter tell Reuters that any price increase will likely be incremental and the company could still decide to walk away. Carmike announced Thursday that because of the ongoing discussions between the two companies, a shareholder vote on the deal would be postponed until July 25.

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