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AMC could face bankruptcy risk if APE conversion battle fails and strikes drag on, analyst warns

Por: MarketWatch Politics August 08, 2023

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Related: Wedbush maintained its underperform rating and $2 price target for AMC. Of eight analysts surveyed by FactSet, three have a hold rating and five have a sell rating for AMC. AMC’s plan to convert its AMC Preferred Equity units to common stock was  last month when a Delaware judge rejected a settlement that would have allowed the deal to proceed. The stock-conversion plan was part of the movie theater chain and meme stock darling’s... + full article



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