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AMC Entertainment Shares Plunge On Proposed Stock Sale As Chain Cites Soft Box Office, Cash Burn

AMC Entertainment shares are down more than 16% before the opening bell after the nation’s biggest theater chain said it might sell up to $250 million-worth of stock, citing a low first-quarter box office. The company said it intends to use the net proceeds, if any, from the sale “to bolster liquidity, to repay, refinance, […]

from Box Office https://ift.tt/f8ZPjQ4

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