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...
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...
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 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...