Bloomberg
AMC Surges on Deal With Mudrick To Expand, ‘Go on Offense’
(Bloomberg) — AMC Entertainment Holdings Inc. gained Tuesday, extending last week’s rally, after raising $230.5 million with a stock sale to Mudrick Capital Management as the movie-theater operator pledged to “go on offense” with acquisitions.The agreement with New York-based Mudrick is for 8.5 million shares of common stock at $27.12 apiece, 3.8% more than Friday’s closing price, AMC said Tuesday in a statement. The company, now an icon among retail traders, jumped as much as 23% to $32 at the
