Carmike Shares Rise After Major Investor Flips To Endorse AMC Entertainment Deal — Deadline

Carmike Cinemas shares are up 3.7% to about $31.34 in afternoon trading after a leading shareholder opponent of AMC Entertainment’s takeover offer switched to favor the deal. Dreihaus Capital Management, which owns about 10% of Carmike, says that it will begrudingly “vote a substantial majority of our shares in favor of the transaction” The investment firm…

via Carmike Shares Rise After Major Investor Flips To Endorse AMC Entertainment Deal — Deadline

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