Carmike's Biggest Shareholder Opposes AMC Buyout

The Middle Men Brothers, owning 7.1% of Carmike, oppose AMC's offer, deeming it too low and seeking $40 per share instead of $30. Analysts agree the offer undervalues Carmike, but no higher bids have emerged. The market is closely watching, with stock prices slightly down and analysts adjusting forecasts due to regulatory concerns. The Department of Justice may require divestments, adding risk. While Middle Men Brothers' opposition could block the deal, it's unlikely without majority support. The situation could attract another bidder, impacting the theater industry.

What percentage of Carmike do the Middle Men brothers own?

What was the price per share that the Middle Men brothers found unacceptably low?

What are some reasons analysts have cut their price forecasts regarding the deal?

What is the expectation regarding regulatory issues related to the deal?

What could potentially block the deal between AMC and Carmike?