AMC ENTERTAINMENT HOLDINGS,INC. (NYSE:AMC) Files An 8-K Other Events
ITEM 8.01. OTHER EVENTS
On November30, 2016, AMC Entertainment Holdings,Inc. (AMC) issued
a press release announcing the closing of its previously
announced acquisition of Odeon and UCI Cinemas Holdings Limited
(Odeon) to that certain Share Purchase Agreement, dated as of
July12, 2016, by and among AMC, AMC (UK) Acquisition Limited,
Monterey Capital III S..r.l., Odeon, Odeon and UCI Cinemas Group
Limited, and certain Management Shareholders. The press release
is filed as Exhibit99.1 hereto and incorporated by reference
herein.
ITEM 9.01 FINANCIAL STATEMENTS AND
EXHIBITS
(d)Exhibits
Exhibit |
Description |
|
99.1 |
Press Release dated November30, 2016. |
CAUTIONARY LANGUAGE REGARDING FORWARD-LOOKING
STATEMENTS
This Current Report on Form8-K includes forward-looking
statements within the meaning of the safe harbor provisions of
the United States Private Securities Litigation Reform Act of
1995. Forward-looking statements may be identified by the use of
words such as forecast, plan, estimate, will, would, project,
maintain, intend, expect, anticipate, prospect, strategy, future,
likely, may, should, believe, continue, and other similar
expressions that predict or indicate future events or trends or
that are not statements of historical matters. Similarly,
statements made herein and elsewhere regarding the pending
acquisition of Carmike Cinemas,Inc. (Carmike Cinemas) and the
completed acquisition of Odeon (collectively, the acquisitions)
are also forward-looking statements, including statements
regarding the anticipated closing date of the Carmike Cinemas
acquisition, the source and structure of financing, managements
statements about effect of the acquisitions on AMCs future
business, operations and financial performance and AMCs ability
to successfully integrate the acquisitions into its operations.
These forward-looking statements are based on information
available at the time the statements are made and/or managements
good faith belief as of that time with respect to future events,
and are subject to risks, trends, uncertainties and other facts
that could cause actual performance or results to differ
materially from those expressed in or suggested by the
forward-looking statements. These risks, trends, uncertainties
and facts include, but are not limited to, risks related to: the
parties ability to satisfy closing conditions in the anticipated
time frame or at all; obtaining regulatory approval for the
Carmike Cinemas acquisition, including the risk that any approval
may be on terms, or subject to conditions, that are not
anticipated; the possibility that the Carmike Cinemas acquisition
does not close, including in circumstances in which AMC would be
obligated to pay a termination fee or other damages or expenses;
related to financing the acquisitions, including AMCs ability to
finance the acquisitions on acceptable terms; responses of
activist stockholders to the Carmike Cinemas acquisition; AMCs
ability to realize expected benefits and synergies from the
acquisitions; AMCs effective implementation, and customer
acceptance, of its marketing strategies; disruption from the
acquisitions making it more difficult to maintain relationships
with customers, employees or suppliers; the diversion of
management time on transaction-related issues; the negative
effects of this announcement or the consummation of the proposed
Carmike Cinemas acquisition on the market price of AMCs common
stock; unexpected costs, charges or expenses relating to the
acquisitions; unknown liabilities; litigation and/or regulatory
actions related to the acquisitions; AMCs significant
indebtedness, including the indebtedness incurred to acquire
Odeon and Carmike Cinemas; AMCs ability to utilize net operating
loss carry-forwards to reduce future tax liability; continued
effectiveness of AMCs strategic initiatives; the impact of
governmental regulation, including anti-trust investigations
concerning potentially anticompetitive conduct, including film
clearances and participation in certain joint ventures; operating
a business in markets AMC has limited experience with; the United
Kingdoms exit from the European Union and other business effects,
including the effects of industry, market, economic, political or
regulatory conditions, future exchange or interest rates, changes
in tax laws, regulations, rates and policies; and risks, trends,
uncertainties and other facts discussed in the reports AMC has
filed with the SEC. Should one or more of these risks, trends,
uncertainties or facts materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those indicated or anticipated by the forward-looking
statements contained herein. Accordingly, you are cautioned not
to place undue reliance on these forward-looking statements,
which speak only as of the date they are made. Forward-looking
statements should not be read as a guarantee of future
performance or results, and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. For a detailed discussion of risks,
trends and uncertainties facing AMC, see the section entitled
Risk Factors in AMCs Annual Report on Form10-K, filed with the
SEC on March8, 2016, and Forms 10-Q filed August1, 2016 and
November9, 2016, and Form8-K filed October24, 2016, and the
risks, trends and uncertainties identified in its other public
filings. AMC does not intend, and undertakes no duty, to update
any information contained herein to reflect future events or
circumstances, except as required by applicable law.
About AMC ENTERTAINMENT HOLDINGS, INC. (NYSE:AMC)
AMC Entertainment Holdings, Inc. is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc. (AMCE), American Multi-Cinema, Inc. (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. The Company operates through theatrical exhibition operations segment. The Company owns, operates or holds interests in approximately 390 theatres with a total of over 5,420 screens located in the United States. The Company licenses first-run motion pictures from distributors owned by film production companies and from independent distributors. It licenses films on a film-by-film and theatre-by-theatre basis. The Company also offers a range of food and beverage items, which include popcorn; soft drinks; candy; hot dogs; specialty drinks, including premium beers, wine and mixed drinks, and made to order hot foods, including menu choices, such as curly fries, chicken tenders and mozzarella sticks. AMC ENTERTAINMENT HOLDINGS, INC. (NYSE:AMC) Recent Trading Information
AMC ENTERTAINMENT HOLDINGS, INC. (NYSE:AMC) closed its last trading session 00.00 at 34.55 with 463,761 shares trading hands.