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AMC Shares Surge as Judge Denies APE Deal in Surprise Ruling

AMC Shares Surge as Judge Denies APE Deal in Surprise Ruling
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

Delaware Court of Chancery Clamps Down on Mootness Fees for Immaterial Supplemental Disclosures | Wilson Sonsini Goodrich & Rosati

On July 6, 2023, the Delaware Court of Chancery issued an important opinion that seeks to further limit the “merger tax” imposed on many companies in the context of significant M&A.

AMC Investors Urge Judge to Approve Fiercely Contested APE Deal

AMC Entertainment Holdings Inc. broke its pledge not to convert its preferred equity units into common stock, one of the company’s “meme stock” investors said Thursday, objecting to a nine-figure settlement that would end litigation over the distressed cinema chain’s so-called APE units.

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