Jun 2nd, 2021
AMC Sells $230 Million of Stock to Investor
Another twist in AMC Entertainment Holdings Inc.’s wild ride. The movie theater chain announced yesterday that it had sold $230 million worth of new shares to Mudrick Capital Management. According to a person familiar with the matter, Mudrick then promptly dumped the shares into the market the same day for a profit and told its customers it thought the shares were overvalued. Bloomberg’s Dani Burger reports on “Bloomberg Markets: China Open.” (Source: Bloomberg)
