AMC Sells $230 Million of Stock to Investor

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  • Bloomberg Markets and Finance published this video item, entitled “AMC Sells $230 Million of Stock to Investor” – below is their description.

    Jun.02 — Another twist in AMC Entertainment Holdings Inc.’s wild ride. The movie theater chain announced yesterday that it had sold $230 million worth of new shares to Mudrick Capital Management. According to a person familiar with the matter, Mudrick then promptly dumped the shares into the market the same day for a profit and told its customers it thought the shares were overvalued. Bloomberg’s Dani Burger reports on “Bloomberg Markets: China Open.”

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