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AMC theater chain to buy Carmike for $1.1 billion

AMC theater chain to buy Carmike for $1.1 billion

LOS ANGELES — AMC Entertainment is acquiring rival Carmike Cinemas to create the world's largest movie theater chain.

AMC, which Chinese conglomerate Dalian Wanda Group bought in 2012, said Thursday it is paying $1.1 billion including debt for Carmike.

Carmike operates the Churchville 7 on Churchville Road in Bel Air, while AMC has theaters in White Marsh, Owings Mills, Security Square and Columbia.

The combined company will be the dominant theater chain in North American and signals Wanda's further expansion into the entertainment industry. Just two months ago, it said it would spend $3.5 billion to acquire mid-level studio Legendary Entertainment, the co-financier of...