AMC says it's reached deal to settle shareholder lawsuit over APE conversion

AMC Entertainment Holdings Inc. said over the weekend it has reached an agreement to settle a court fight with shareholders concerning a proposed stock conversion.

In... AMC Entertainment Holdings Inc. said over the weekend it has reached an agreement to settle a court fight with shareholders concerning a proposed stock conversion. In a bid to pay down its significant debt, AMC had proposed converting AMC Preferred Equity units into common stock, alongside a 10-to-1 reverse stock split and the capacity to sell more shares. Shareholders approved the move in March, but a judge’s order kept it from taking effect.

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