AMC-APE Deal Unlikely in 60 Days as Spread Widens
Originally Published 2 years ago — by Yahoo Finance
The spread between AMC Entertainment Holdings' common and preferred shares widened as a settlement in the company's conversion dispute appears unlikely in the next two months, according to a Delaware hearing. The judge tentatively suggested June 29 or June 30 for a settlement hearing. The ongoing court case adds uncertainty and makes trades more costly for many. Implied volatility for AMC July options surged as traders piled in to hedge against a possible settlement at the end of June.