Monday, July 24, 2023 2:45:46 PM
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AMC Stock Surges 38% After Court Rejects Stock Conversion Plan
William Skipworth - Forbes Staff - Jul 24, 2023,01:26pm EDT
TOPLINE AMC Entertainment shares rose 37% Monday after
a Friday court ruling blocked their plan to :
"convert preferred stock" to common stock
and issue millions of new shares
—news that comes after a huge weekend at the box office and a
reversal on the company’s proposed ticket pricing plan.
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