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APE / AMC stock plunges 22% after company agrees to settlement terms, opening up for APE conversion

AMC stock plunges 22% after company agrees to settlement terms, opening up for APE conversion
AMC Entertainment Holdings Inc. AMC, +2.00% stock dropped more than 22% in the extended session Monday after the movie-theater operator said in a filing that it has agreed to settlement terms relating to a shareholder litigation around a stock conversion. The terms of the settlement would open the way for AMC's proposal to convert its AMC Preferred Equity, or APE APE, +0.68% , units into shares of common stock, alongside a 10-to-1 reverse stock split and the capacity to sell more shares, which shareholders supported in mid-March but had faced court proceedings. Read More
Posted: Apr 3 2023, 17:55
Author Name: Market Watch
Views: 102829

APE News  

Antara Capital Just Sold Even More APE Stock

By InvestorPlace
May 23, 2023

Antara Capital Just Sold Even More APE Stock

Another day, another sale of AMC Preferred Equity Units (NYSE: APE ) by Antara Capital. Antara has submitted a new Form 4 showing the sale of 2 millio more_horizontal

Antara Capital Keeps Selling AMC's APE Stock

By InvestorPlace
May 19, 2023

Antara Capital Keeps Selling AMC's APE Stock

Antara Capital has been steadily selling off its stake in AMC Preferred Equity Units (NYSE: APE ). On May 2 and 3, the event-driven opportunities firm more_horizontal

Why Investors Should Bet $100 on AMC Stock Now

By InvestorPlace
May 15, 2023

Why Investors Should Bet $100 on AMC Stock Now

It's definitely risky to invest in global movie-theater chain AMC Entertainment (NYSE: AMC ). However, a small-sized position in AMC stock could pay more_horizontal

Dear AMC Stock Fans, Mark Your Calendars for June 29

By InvestorPlace
May 9, 2023

Dear AMC Stock Fans, Mark Your Calendars for June 29

Shares of AMC Entertainment (NYSE: AMC ) stock are in full focus. The hearing to consider converting all AMC Entertainment Preferred Equity Units (NYS more_horizontal

AMC's ‘road to recovery getting better,' says Macquarie

By Market Watch
May 8, 2023

AMC's ‘road to recovery getting better,' says Macquarie

AMC Entertainment Holdings Inc. is continuing its post-pandemic recovery, according to Macquarie Research. more_horizontal

AMC says it's reached deal to settle shareholder lawsuit over APE conversion

By Market Watch
May 7, 2023

AMC says it's reached deal to settle shareholder lawsuit over APE conversion

AMC Entertainment Holdings Inc. said over the weekend it has reached an agreement to settle a court fight with shareholders concerning a proposed stoc more_horizontal

Are AMC and APE Setting Up for a Pre-April 27 Short-Squeeze?

By InvestorPlace
April 24, 2023

Are AMC and APE Setting Up for a Pre-April 27 Short-Squeeze?

There are many ways to “play” AMC Entertainment (NYSE: AMC ), but one that may be piquing the interest of retail traders today has to do with th more_horizontal

AMC stock rises, APE shares fall after court denies conversion settlement

By Yahoo Finance
April 6, 2023

AMC stock rises, APE shares fall after court denies conversion settlement

Yahoo Finance Live anchors Jared Blikre and Brad Smith discuss the swing in stock for AMC and APE following a judge's decision to deny AMC's request f more_horizontal


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