AMC Entertainment Holdings Inc. shares rose and shares fell in after-hours trading Wednesday, following a judge’s denial of an attempt to quicken the...
AMC Entertainment Holdings Inc. AMC shares rose and APE shares fell in after-hours trading Wednesday, following a judge’s denial of an attempt to quicken the resolution of a shareholder court fight. AMC executives have been attempting to convert APE shares into regular shares and execute a reverse stock split, but faced a lawsuit from shareholders.
AMC executives have been attempting to convert APE shares into regular shares and execute a reverse stock split, but faced a lawsuit from shareholders. The two sides announced a settlement Monday, and had asked a Chancery Court judge to lift the order that was holding up the moves in response, before deciding whether to approve the settlement. “The parties offer no good cause to lift the status quo order,” Vice Chancellor Morgan Zurn wrote in her ruling denying the request.
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