AMC Stock Plunges After Court Approves APE Conversion
Stocks of movie theater chain AMC Entertainment Holdings Inc. crashed more than 35% on Monday after a Delaware court approved the conversion of AMC preferred shares (APE) into common shares.
AMC previously saw its plan for conversion of APE halted by a Delaware judge Morgan...
AMC Shares Jump 63% After Delaware Judge Blocks Stock Conversion
Delawareās Chancery Court judge Morgan T. Zurn made a surprise ruling on Friday that blocked AMC Entertainment Holdingsā attempt to convert its AMC Preferred Equity Units (APE) into common stock. The companyās class A shares surged 63% as a result of after-hours trading.
The theater...