Published on 22 May 2024 on Benzinga
AMC Entertainment Holdings Inc AMC shares are trading lower. The company’s APE stock conversion was upheld on Wednesday by Delaware’s highest court.
What Happened: Chief Justice Collins J. Seitz Jr. signed a court order on Wednesday affirming a prior ruling to allow AMC to move forward with its stock conversion to AMC Preferred Equity units, or APE units, according to Bloomberg.