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  "documentTitle": "AMC | Mergers and Acquisitions Presentation Deck | 16 slides",
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  "presentationDate": "2016-07-01 00:00:00",
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  "notes": "Slide outlines the updated merger terms and the rationale behind the acquisition.",
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      "text": "Rationale remains valid: larger network, rollout of initiatives, cost synergies, and reduced leverage.",
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      "text": "Revised offer is responsive to feedback. Increases value by 10.2%. Carmike shareholders receive 7.4% of combined company, gaining upside and dividends. Premium to comps.",
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      "text": "AMC has raised its offer price to $33.06 per Carmike share. Shareholders can elect cash or stock, subject to 70/30 proration. Represents 32% premium and 9.2x EV/EBITDA multiple.",
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      "text": "AMC and Carmike signed amended merger agreement; Carmike Board recommends the offer.",
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      "text": "Note: Because the exchange ratio is fixed and the market value of AMC stock will fluctuate, the actual value of the merger consideration will fluctuate. (1) As of March 3, 2016. (2) As of March 31, 2016. Net of stock based compensation (SBC) and M&A expenses. (3) Assumes AMC / Odeon transaction closes based on current FX and AMC stock price.",
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