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. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.

Monthly subscriptions and discounted corporate plans for up to 100 members also available.

Related Articles

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!