Hints and tips:
...Castore has collaborated with Scottish tennis star Sir Andy Murray, an early shareholder, on the AMC range; entered football through a tie-up with Scotland’s Rangers FC; and established a presence in the...
...against proposed $5.7bn acquisition by US Danaher (FT) THG shares plummet after group lowers annual sales forecast (FT) Private capital sector too complacent about risks, says global regulatory body (FT) AMC...
...Adam Aron, CEO of AMC Entertainment, cited a new year’s resolution of his own that could test investor appetite for risky debt....
...GameStop and AMC — the two leading “meme stocks” that were sent soaring by a horde of retail investors loosely organised on social media — have both lost almost a third of their value since mid-November....
...But retail traders have homed in on the “meme stock” episode in January, when the overwhelming volume of trading in names such as GameStop and AMC forced broker Robinhood to restrict trading....
...The sheer amount of trading in so-called “meme stocks” such as retailer GameStop and cinema chain AMC caught many brokers off guard....
...AMC’s term loan has jumped to close to 90 cents on the dollar and even AMC junior bonds have jumped to more than 70 cents....
...AMC and Mudrick did not immediately respond to a request for comment. (This article has been amended to clarify that Mudrick did not previously own AMC stock.)...
...AMC did not immediately respond to a request for comment....
...The same cannot be said for GameStop, AMC and the other stonks. Not yet anyway....
...That’s understandable when you have stories like AMC Entertainment and how Silver Lake was able to take full advantage of the Reddit rally....
...The commission-free trading app that sought to “democratise finance” had suddenly infuriated its merry band of retail investors last week when it restricted trading on shares in GameStop, AMC and other market-roiling...
...Jack Ma’s Ant Group receives consumer finance licence (FT) Washington to bar US investors from 59 Chinese companies (FT) JPMorgan’s asset, wealth management division exploring acquisitions (Reuters) AMC...
...firm after it has come under intense scrutiny for its position as the largest market maker in the US equity market, and its role in January’s fevered trading of so-called meme stocks such as GameStop and AMC...
...“The group of ‘Reddit tickers’ have displayed enormous volume with a far greater amount of volatility,” he said, in reference to stocks including GameStop, AMC and the former mobile phone behemoth BlackBerry...
...The historically tech-focused group led by Egon Durban recently cut a fresh deal with AMC to keep it afloat....
...In recent fights involving companies such as Serta Simmons, AMC Entertainment and Travelport, investment firms like Apollo Global Management, Paul Singer’s Elliott Management, pictured above left, and Blackstone...
...Earlier this month, AMC Theatres, the troubled cinema chain, announced a rescue financing led by Silver Lake Partners, the private equity firm that already owns $600m of AMC convertible bonds....
...And Durban has big issues to deal with at entertainment groups such as Endeavor and AMC, whose debt has been downgraded further into the junk category during the pandemic....
...Silver Lake also has investments in talent agency Endeavor, US movie theatre chain AMC and Madison Square Garden....
...Besides the Man City stake, Silver Lake has investments in talent agency Endeavor, US movie theatre chain AMC and Madison Square Garden....
...Sadly for Throsby, who’s headed home to Australia to lick his wounds, he never overlapped with Diamond — otherwise AMC would be his natural next employer....
...The talks come nine months after Dalian Wanda, a Chinese conglomerate that owns the AMC cinema chain and Legendary Entertainment, failed to complete a purchase of Dick Clark for about $1bn....
...The bonds will cost less to service than equity and AMC’s other debt. Fair enough. But the structure of the deal also means AMC’s net debt will increase from 4.5 times ebitda to 5 times....
...Shares in AMC were up 1.2 per cent at $20.35 in early trade on Friday....
International Edition