AMC’s Revised APE Deal Heads to Judge on Expedited Timeline (1)

AMC Entertainment Holdings Inc. and shareholders leading litigation against the theater chain can immediately renew their efforts to get court approval for a settlement that would let the company convert its APE units into common stock, a judge said Monday.

Vice Chancellor Morgan T. Zurn, who stunned analysts by rejecting the original agreement July 21, said the deal approval process can resume without a delay that would let AMC’s passionate retail investors file new objections. “The narrowed release does not adversely affect the putative class,” she said in a letter to both sides of the court fight, suggesting the new ...