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AMC shares surge after judge blocks settlement for stock conversion plan

Por: Fox Business Business July 22, 2023

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Check out what's clicking on FoxBusiness.com A judge on Friday blocked a proposed settlement on AMC Entertainment Holdings' stock conversion plan that would allow the company to issue more shares, sending its common shares soaring and preferred shares down in after-hours trading. Delaware Vice Chancellor Morgan Zurn said in the ruling that she cannot approve the settlement as submitted, because it would release potential claims by... + full article



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