AMC Entertainment Holdings Inc. has submitted a revised proposal for its stock-conversion plan after a judge rejected a settlement Friday that would have given a green light to the deal.
In a letter to investors that was posted Sunday on Twitter, AMC Chief Executive Adam Aron said that a modified proposal was filed Saturday with the Delaware Chancery Court intended to address the court’s concerns. Aron said that, if the court agrees, the company hopes to implement the plan “as soon as possible.”
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