The movie theater industry is consolidating and values are improving-could bankrupt Carmike Cinemas Inc. be the next chain to see a bidder? Indeed, Carmike’s bonds, perhaps responding to takeout speculation, have traded up 20% in the last five weeks, said traders. And even if it is not looking for a buyer to take it out of Chapter 11, analysts said the number three U.S. movie chain will probably not survive the current wave of consolidation, which saw financial buyers pick up assets and debt on the cheap throughout the past year.
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