AMC wants to issue 25 million more shares after a 2,300% rally this year, to help it chase acquisitions ‘hard’
AMC CEO Adam Aron urged shareholders to approve the move.
Alberto E. Rodriguez / Getty Images
AMC Entertainment has asked shareholders to let it issue another 25 million shares in the wake of the stock’s 2,300% rally, saying it will fortify the movie-theater chain with the means to chase acquisitions “hard” and turn itself around.
“If you arm us with the tool – meaning stock as the tool – to go find value-creating opportunities for AMC shareholders, we can do that,” AMC CEO Adam Aron said in YouTube…
