Coronavirus | AMC to issue 500 million shares to the public

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Coronavirus | AMC to issue 500 million shares to the public

FILE PHOTO: `` was shown in the marquee of a Regal theatre during the outbreak of coronavirus disease in New York City, U.S. April 29, 2020. Brendan McDermid file photo ReUTERS Brendan McDermid AMC Entertainment Holdings Inc. is planning to issue 500 million shares to the public, the cinema operator's top boss Adam Aron said in a CNBC interview on Thursday, a move that would help shore up its finances that have been hit by pandemic closures.

The company is seeking shareholder approval for the sale, he said.

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