AMC Entertainment Wants to Reacquire Theaters It Was Forced to Divest

When AMC Entertainment (NYSE: AMC) acquired Carmike Cinemas in 2016, the Justice Department required AMC to divest 24 theaters it owned, representing nearly 400 movie screens, to get approval.

Since then, however, the company that was created to run those theaters has filed for bankruptcy and is liquidating its assets. Now, AMC is seeking permission to buy back 10 of those divested theaters.

Image source: Getty Images.

Continue reading

Source Fool.com