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Report: AMC explores raising bid for Carmike

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Report: AMC explores raising bid for Carmike

AMCEntertainment Holdings Inc. is considering raising its $1.1 billionbid forCarmike Cinemas Inc.,Reuters reported July 14, citing a person familiar with the matter.

A sweetened bid would likely be only incrementally higherthan the previous bid, and AMC could still decide to forgo a deal, the sourcereportedly said.

Meanwhile, Carmike said the same day that it will adjournits special meetingof stockholders, scheduled for July 15, and reconvene the meeting July 25.Carmike said that there can be noassurances regarding outcome of merger discussions between the twoparties.

AMC recently agreed to acquire London-based Odeon & UCI Cinemas Group frominvestment firm Terra Firma Capital Partners Ltd. for about £921 million.