A blockbuster accord that gets two thumbs up from Wall Street could annihilate off a casting affiliate in the Lehigh Valley’s movie-watching landscape.
AMC Ball Holdings Inc.’s planned $1.1 billion accretion of Carmike Cinemas Inc. is an actual hit in the angel of business, a accord that would leapfrog the accumulated ball behemothic over the cast of Regal Ball Group as the bigger alternation of cine theaters in North America.
But afore the accord hits the big screens a the end of this year, some concessions will charge to be made, namely approval by antitrust regulators.
While assembly from AMC and Carmike beneath to animadversion on what could appear to its megaplexes, some analysts appropriate one of the two Lehigh Valley Carmike theaters — they are aural 10 afar of one accession — could be targeted for auction to amuse aggressive concerns, abnormally because the bound areas of overlap amid the two chains beyond the country.
AMC operates the Tilghman Square 8 at the Tilghman Square Arcade Centermost in South Whitehall Township, while Carmike operates the Carmike 16 on Catasauqua Road in Hanover Township, Lehigh County, and the 16-screen above Rave amphitheater at the Promenade Shops of Saucon Valley in Upper Saucon Township. Carmike acquired Rave in 2012.
PHOTO GALLERY: A attending at the celebrated cine theaters and drive-ins about the Lehigh Valley.
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