AMC Stock Heads For Worst Day In Nearly Three Years – But Retail Says Debt Paydown Offers Silver Lining
AMC is set to sell 95.25 million shares of common stock in a registered direct offering to raise $200 million. The per-share value adds up to roughly $2.10, a 24% discount to the stock’s closing price on Monday. The company said it plans to use the proceeds primarily to redeem all of its $125.5 million … Read more