Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Carmike Cinemas Inc.
NEW YORK, March 8, 2016 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Carmike Cinemas Inc. ("Carmike Cinemas" or the "Company") (NasdaqGS:CKEC) for potential breaches of fiduciary duties in connection with the sale of the Company to AMC Entertainment Holdings, Inc. for approximately $1.1 billion in an all-cash transaction.
The Company's stockholders will only receive $30.00 for each share of Company common stock they own. However, this consideration is below at least one analyst's price target of $36.00 per share and Carmike Cinemas' 52-week high of $34.94 per share.
Click here for more information: www.faruqilaw.com/CKEC. There is no cost or obligation to you.
The investigation focuses on whether Carmike Cinemas' Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Carmike Cinemas' shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Carmike Cinemas and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CKEC or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Juan Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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