Mudrick buys, then sells AMC stock

Hedge fund firm Mudrick Capital Management has agreed to buy 8.5 million shares of AMC Entertainment Holdings' Class A Common stock for $230.5 million.

AMC announced the deal early this morning, saying it intends to continue to explore deleveraging opportunities. The proceeds will also be used for the acquisitions of additional theater leases, as well as investments to enhance the consumer appeal of existing theaters.

As for Mudrick, the firm reportedly sold all the shares within hours of the announcement for a profit.

The $3.8 billion deep value event-driven . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.

Get started

Related Articles

Back to top button

Get our daily news digest
in your inbox

Our FREE mailing list brings you daily alts intel.

Thank you for subscribing.

Something went wrong.