Propelled by Reddit traders, AMC has landed on the moon and discovered it’s made of movie theater nacho cheese. Following a remarkable 1,100% gain in share price this year, the chain raised more than $230 million to acquire other theaters, such as the former Arclight Cinemas and Pacific Theatres.
Link: https://www.morningbrew.com/daily/stories/2021/06/01/amc-raises-millions-acquire-theaters
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