AMC ditches its plans to sell more stock
CNN
AMC, the largest theater chain in the world, announced Tuesday that it is ditching plans to sell 25 million additional shares of its stock.
The company said in a filing with the Securities and Exchange Commission that it has withdrawn the proposal from the agenda for its annual shareholder meeting, which takes place later this month. The proposal to authorize more shares was announced in early June. Adam Aron, AMC's CEO, wrote about tabling the plans on Tuesday in a series of tweets.
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