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Fly News Breaks for June 17, 2016
AMC, CKEC
Jun 17, 2016 | 12:31 EDT
Piper Jaffray analyst Alex Olvera said that after holding a conference call with the largest shareholder of Carmike (CKEC), Driehaus Capital, that he believes Driehaus and another big stakeholder, Mittleman Investment, may vote against the company's merger deal with AMC Entertainment (AMC). He added that he is not sure if these holders would look to perfect appraisal rights, but said that to avoid costs associated with such a scenario that AMC could decide to raise its offer by $2-$3.50 per share for all Carmike shareholders.
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