On July 15th Carmike Cinemas Inc. delayed a vote on whether to accept an acquisition offer from AMC Entertainment Holdings of USD $1.1 billion. The original shareholder vote was to take place on June 30th but was rescheduled for the mid-July date. The vote is now set to go forward on July 25th. If approved, the merger would create the largest cinema chain in North America, if not the world.
Source: CJ Analysis: Taking Stock of AMC’s Acquisition of Carmike