An end-run around a shareholder vote
AMC announced a dividend
for shareholders: AMC Preferred Equity units, which will trade as APE on the New York Stock Exchange. One of these babies will exist for every common share, and can be converted to common stock if the company and investors vote for that to happen. That “if” is kind of sticky though. See, AMC wanted to sell more shares and was shot down by investors. Maybe those investors didn’t want to be further diluted — AMC sold a lot of shares during the pandemic. Maybe something else was at play. But APE, the solution, isn’t just a nice marketing ploy to keep retail’s attention. It’s an end run around the investors who voted against more shares. After giving about 500 million shares of APE to investors, AMC can sell 4.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AMC announces special dividend in the form of 'Ape' preferred shares; stock fallsAMC also reported its second-quarter results after market close, reporting a narrowing loss and revenue in line with analysts' expectations.
Read more »
Nicole Kidman to continue making sure heartbreak feels good at AMCAMC CEO Adam Aron reassured audiences that Kidman would make movies better for another year
Read more »
Nicole Kidman Will Remain the Face of AMC TheatersNicole Kidman will remain the face of AMC Theaters for another year.
Read more »
AMC declares special dividend, posts quarterly lossAMC Entertainment shares took a hit in after-hours trading after reporting a larger-than-expected quarterly loss.
Read more »
Nicole Kidman to remain face of AMC movie theaters: 'Heartbreak feels good in a place like this'Kidman starred in a beloved commercial for the movie chain that went viral, urging viewers to return to the theater amid the pandemic.
Read more »
Biggest Movers: APE Hits 2-Month High, as UNI Nears Highest Point Since April – Market Updates Bitcoin NewsApecoin rose to its highest point in over two months on hump day, as prices rebounded following a two-day losing streak.
Read more »