AMC stock surges more than 70% after Delaware judge puts brakes APE-to-stock conversion plan

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AMC stock surges more than 70% after Delaware judge puts brakes APE-to-stock conversion plan
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Shares of AMC Entertainment Holdings Inc. rocketed more than 70% higher on Friday after a court in Delaware prevented the movie theater chain from moving...

Shares of AMC Entertainment Holdings Inc. AMC rocketed more than 70% higher on Friday after a court in Delaware prevented the movie theater chain from moving forward with a plan, often maligned by some of its retail investors, that would dump more shares onto the market, according to reports. The unexpected move by the court blocked AMC from turning its so-called APE — or AMC Preferred Equity — preferred units into common stock, according to Bloomberg Law. Vice Chancellor Morgan T.

AMC rocketed more than 70% higher on Friday after a court in Delaware prevented the movie theater chain from moving forward with a plan, often maligned by some of its retail investors, that would dump more shares onto the market, according to reports. The unexpected move by the court blocked AMC from turning its so-called APE — or AMC Preferred Equity — preferred units into common stock, according to Bloomberg Law. Vice Chancellor Morgan T.

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