{"id":9647,"date":"2023-04-06T12:30:44","date_gmt":"2023-04-06T10:30:44","guid":{"rendered":"https:\/\/investmentbell.com\/?p=9647"},"modified":"2023-04-06T12:30:49","modified_gmt":"2023-04-06T10:30:49","slug":"u-s-court-denies-amcs-request-for-speedier-stock-conversion","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/arabic\/news\/market-overview-news\/u-s-court-denies-amcs-request-for-speedier-stock-conversion\/","title":{"rendered":"\u0631\u0641\u0636\u062a \u0645\u062d\u0643\u0645\u0629 \u0623\u0645\u0631\u064a\u0643\u064a\u0629 \u0637\u0644\u0628 AMC \u0628\u062a\u062d\u0648\u064a\u0644 \u0623\u0633\u0631\u0639 \u0644\u0644\u0645\u062e\u0632\u0648\u0646"},"content":{"rendered":"<p>(Reuters) &#8211; A U.S. court on Wednesday denied AMC Entertainment (NYSE:AMC) Holdings Inc&#8217;s request to lift a status quo order, which was necessary to proceed with the conversion of the company&#8217;s preferred stock into common shares.<\/p>\n\n\n\n<p>&#8220;The parties offer no good cause to lift the status quo order,&#8221; Delaware Chancery Court judge Morgan Zurn wrote in the ruling.<\/p>\n\n\n\n<p>AMC&#8217;s shares rose 13.4% in premarket trading on Thursday, while preferred APE stock dropped 10.5%.<\/p>\n\n\n\n<p>AMC investors had sued the company accusing it and several of its directors of violating a law by creating the preferred shares in an attempt to &#8220;eviscerate&#8221; the voting power of common stockholders who had not supported the issuing of new shares.<\/p>\n\n\n\n<p>On Monday, AMC said it had entered into a binding settlement with some investors and that it would ask a judge to lift a related status quo order, in order to complete the stock conversion.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost9647\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost9647').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; A U.S. court on Wednesday denied AMC Entertainment (NYSE:AMC) Holdings Inc&#8217;s request to lift a status quo order, which was necessary to proceed with the conversion of the company&#8217;s preferred stock into common shares. &#8220;The parties offer no good cause to lift the status quo order,&#8221; Delaware Chancery Court judge Morgan Zurn wrote [&hellip;]<\/p>","protected":false},"author":13,"featured_media":9650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":{"0":"post-9647","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/posts\/9647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/comments?post=9647"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/posts\/9647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/media\/9650"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/media?parent=9647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/categories?post=9647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/arabic\/wp-json\/wp\/v2\/tags?post=9647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}