: AMC shareholders approve ‘APE’ conversion in ‘landslide victory’ but stock tumbles

by | Mar 14, 2023 | Stock Market

Shareholders of AMC Entertainment Holdings Inc. voted overwhelmingly in support of the company’s proposal to convert AMC Preferred Equity units into shares of common stock Tuesday. AMC’s AMC stock, which was repeatedly halted for volatility Monday, fell 13.8%. APEs APE rose 9.3%. In January, AMC announced the special meeting of shareholders…

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