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Fly News Breaks for March 4, 2016
CKEC, AMC
Mar 4, 2016 | 06:33 EDT
Piper Jaffray analyst Stan Meyers views AMC Entertainment's (AMC) acquisition of Carmike Cinemas (CKEC) as "substantially accretive" and an "excellent strategic opportunity." The analyst expects a "significant amount" of scrutiny for the deal from the Justice Department given the recent investigation into AMC's clearance practices. Meyers has an Overweight rating on AMC with a $35 price target
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