Press "Enter" to skip to content

AMC stock surges as it raises $230 million, pledges to ‘go on offense’

AMC Entertainment announced Tuesday it will raise $230.5 million by selling 8.5 million shares to hedge fund Mudrick Capital, saying it plans to use the cash to “go on offense” by pursuing opportunistic acquisitions across the virus-ravaged movie-theater sector.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *