AMC makes final $1.2b bid for Carmike Cinemas

New York: AMC Theatres is making its final bid for Carmike Cinemas Inc., offering to buy the movie theatre operator in an approximately $1.2 billion (Dh4.4 billion) deal including debt. AMC, which was bought by Chinese conglomerate Dalian Wanda Group in 2012, made an initial offer of $1.1 billion for Carmike in March. Both offers include the assumption of Carmike debt. The final bid includes approximately $585 million in cash and $250 million in AMC’s Class A common stock. Carmike shareholders can choose $33.06 in cash or 1.0819 AMC shares per share. That’s an additional $3.06 per share more than the prior offer, AMC said Monday.