AMC Entertainment Holdings Inc. has received approval from Delaware's Supreme Court on Wednesday to proceed with its APE stock conversion. This decision upholds a previous class settlement that was opposed by AMC's meme stock base. The court's decision marks the end of litigation in Delaware’s Chancery Court, which had seen objections from common stockholders.
A settlement allowing AMC to proceed with a stock conversion opposed by its meme stock base last year was affirmed by Delaware’s highest court. https://t.co/zst747SPHB
Delaware's Supreme Court declared Wednesday that there shall be no sequel to the drama from common stockholders of AMC Entertainment Holdings Inc. who objected to a class settlement of litigation in the state's Chancery Court. https://t.co/kwyKuZ6Ss4 https://t.co/LW5xHx7z4t
NEW: A settlement allowing AMC to proceed with a stock conversion opposed by its meme stock base last year was affirmed by Delaware’s highest court. https://t.co/ihW53f1Ivi
*AMC’S APE STOCK CONVERSION ACCORD UPHELD BY DELAWARE HIGH COURT
AMC’S APE STOCK CONVERSION ACCORD UPHELD BY DELAWARE HIGH COURT $AMC
The Delaware Supreme Court will hear arguments challenging a lower court's approval of a $267 million legal fee in a shareholder lawsuit that Dell Technologies settled over its 2018 stock conversion deal involving its stake in VMware. Subscribe: https://t.co/tPd4HcaOFI https://t.co/RyEo824LgJ
AMC bonds holding most of their gains after last week’s debt-for-equity swap https://t.co/KGTd6dGBX4