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...
AMC Common Shares Plunge Following Stock Conversion Settlement
The common stock of AMC Entertainment Holdings had a rough after-hours trading session on Monday, losing 26% of its value. The dive came after the company announced a settlement that will allow it to go ahead with converting its preferred shares, listed under ticker...
AMC Stock Plunges Following Positive APE Shares Conversion and Reverse Stock Split Vote
AMC Entertainment Holdings shareholders cast a favorable vote on Tuesday to convert the companyās preferred APE shares into common shares and execute a one-for-ten reverse share split. As a result, AMCās stock lost 15 percent of its value by the end of the day.
AMC...