Companies
Saturday, 6/27, 05:43 PM
AMC Sells $200 Million in New Shares at a Discount, and the Stock Drops 25%
- AMC Entertainment priced 95.25 million new shares at $2.10 each — a 24% discount to the prior close — to raise $200 million and pay down debt.
- Its stock fell about 25%, the latest in a long pattern of the theater chain diluting its own shareholders.