Theater chain AMC Entertainment said early Tuesday it’s agreed to sell 8.5 million shares to Mudrick Capital Management, raising $230.5 million in cash that it will use for acquisitions. The equity was raised at a price of approximately $27.12 per share. Proceeds from this share sale primarily will be used for the pursuit of “value
arclight cinemas and pacific theatres
Greg Marcus, CEO of Marcus Corp., was shocked when Arclight Cinemas and Pacific Theaters went dark. “I happened to notice that. It caught my attention,” he joked. “I said, ‘What? Arclight is not reopening?’ Arclight’s reopening. I’ll take that bet with anybody who wants to bet me on that. Those theaters are so productive nationally