AMC Shareholders Vote To Convert APE Units, Approve Reverse Stock Split

AMC Entertainment (NYSE: AMC) fell over 15% yesterday following a decision by shareholders to approve a reverse stock split, as well as an increase to the permitted share count. The reverse split will see shareholders of the company receive one post-consolidation share for every ten pre-consolidation shares held, amounting to a one for ten reverse … Continue reading AMC Shareholders Vote To Convert APE Units, Approve Reverse Stock Split