AMC challenged again on Carmike merger

A second Carmike Cinemas investor has said AMC Entertainment Holdings’ planned $1.1 billion acquisition undervalues the movie theater company.

The comments from Driehaus Capital Management outs more pressure on the merger partners to show the rationale behind the $30-a-share offer price.

Chicago-based Driehaus, which hadn’t previously disclosed a stake in Carmike, said it owned 1.81 million shares, or 7.3 percent, which would make it the largest shareholder.

An AMC spokesman declined to comment Thursday, saying any comments would be better left to Carmike.

Read more: Kansas City Star

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