AMC Theatres Shares Soar After Judge Blocks APE-to-Stock Conversion Plan

Shares in AMC Theatres soared by just over 60 percent late Friday — and at one point by 100 percent — after a Delaware Court judge blocked parent AMC Entertainment Holdings from proceeding with a plan to convert AMC Preferred Equity Units, or so-called APEs, into the company’s common shares. Vice Chancellor Morgan T. Zurn of […]