AMC Entertainment Stock Sale To Raise $230 Million For Acquisitions; In Talks With Landlords Of Former Arclight Cinemas and Pacific Theatres

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Theater chain AMC Entertainment said early Tuesday it’s agreed to sell 8.5 million shares to Mudrick Capital Management, raising $230.5 million in cash that it will use for acquisitions. The equity…

said early Tuesday it’s agreed to sell 8.5 million shares to Mudrick Capital Management, raising $230.5 million in cash that it will use for acquisitions.

“Given our scale, experience and commitment to innovation and excellence, AMC is being presented with highly attractive theatre acquisition opportunities.

 

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