April 13, 2024
AMC says it’s reached deal to settle shareholder lawsuit over APE conversion

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 stock conversion.

“AMC has recently reached an agreement to settle a putative stockholder class action concerning the proposed conversion of AMC Preferred Equity Units into Common Stock and reverse stock split,” AMC said on its Twitter account Saturday night.

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