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Fly News Breaks for March 4, 2016
CKEC, AMC
Mar 4, 2016 | 07:41 EDT
After AMC (AMC) announced that it would buy Carmike (CKEC) for $30 per share, RBC Capital thinks that the valuation of the deal is attractive for AMC. It believes that AMC's synergies from the transaction will be sizable and could surpass the company's guidance. It notes that the deal is accretive to AMC's free cash flow and EBITDA, and it keeps a $27 price target and Outperform rating on the shares.
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