AMC CEO Adam Aron pitches 25 Million share sale; ‘Ape Army’ stands firm
AMC Entertainment (AMC) shares moved modesty higher Friday even as CEO Adam Aron made the case for another round of capital raising that would give the world’s biggest movie theatre chain the ability to pursue ‘value creation opportunities” for its army of retail investors.
AMC, which unveiled plans to sell 12 million new shares Thursday and placed a further 8.5 million shares with hedge fund Mudrick Capital earlier in the week, is looking for approval to sell 25 million shares at some point next…
