AMC Entertainment Holdings Inc. (NYSE: AMC), controlled by China’s richest man, agreed to buy Carmike Cinemas Inc. (Nasdaq: CKEC) in a $1.1 billion all-cash deal that would create the world’s largest cinema chain.

AMC, majority owned by billionaire Wang Jianlin’s Dalian Wanda Group Co., will pay $30 a share for Carmike, a 19 percent premium over its closing stock price Thursday, according to a statement from the companies. The agreement combines the second- and fourth-biggest U.S. movie theater chains and vaults the resulting entity past Regal Entertainment Group.

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