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Carmike Cinemas Incorporated
Carmike Cinemas to buy Digiplex chain

Carmike Cinemas Inc., the nation's fourth largest theater chain, is getting bigger. The Columbus, Ga.-based chain said it had signed a deal with Digital Cinema Destinations Corp. of Westfield, N.J., to acquire the Digiplex chain in a deal valued at $64 million. That transaction includes $45 million in stock and $19 million in assumed debt and other obligations. Under the deal, Carmike will acquire 21 Digiplex theaters with 206 screens, including five in Riverside, San Diego and San Bernardino counties. The transaction allows Carmike to expand into Arizona, Connecticut, Maryland and New Hampshire, increasing the company's footprint to 280 theaters and 2,936 screens in 41...

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