AMC stock jumped premarket after a judge denied the company’s attempt to quickly resolve a shareholder court fight over a proposed APE stock conversion.
AMC Entertainment Holding Inc.’s stock jumped premarket Thursday after a judge denied the company’s attempt to quickly resolve a shareholder court fight over a proposed conversion of AMC Preferred Equity units into common stock.
Shares of AMC AMC , which ended Wednesday’s session up 3.6%, rose 12.6% in premarket trades. The APEs APE , which closed up 1.8% Wednesday, tumbled 12.3% before market open. Last month, AMC shareholders voted in support of the company’s proposal to convert APE units into shares of common stock in what the company’s CEO Adam Aron described as a “landslide victory.”
Related: AMC’s APE-conversion settlement could lead to ‘potentially massive’ $16 billion equity raise, says analyst
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 stock price plunges 23% after it settles lawsuit to convert APE unitsAMC Entertainment plunges 23% after it settles lawsuit to convert APE units into common stock
Read more »
AMC stock bounces premarket, after plunging on APE conversion settlementThe movie theater chain's stock had plunged on news of the stock conversion settlement.
Read more »
AMC’s APE-conversion settlement could lead to ‘potentially massive’ $16 billion equity raise, says analystThe stock conversion is part of AMC’s ongoing battle to eliminate debt.
Read more »
AMC, APE shares closer to conversion following settlementAMC Entertainment Holdings has settled a shareholder lawsuit over its plans to convert the move theater chain's 'APE' preferred equity units into shares of common stock.
Read more »
AMC and APE shares swing as judge denies attempt for a speedier stock conversion and reverse splitAMC Entertainment Holdings Inc. shares rose and shares fell in after-hours trading Wednesday, following a judge’s denial of an attempt to quicken the...
Read more »
STOCK MARKET NEWS: Jamie Dimon’s bank warning, Virgin Orbit bankrupt, AMC shares slide, oil climbsJPMorgan CEO Jamie Dimon delivered a harsh warning on U.S. banks in his annual shareholder letter, Richard Branson’s Virgin Orbit files for bankruptcy, oil gains continue after OPEC production cut and job openings lead economic data. FOX Business is providing real-time updates on the market, commodities and all the most active stocks on the move.
Read more »