AMC Stock – Hedge Funds Give Credit to Hertz Day Traders; AMC Explores New Share Offer; Former Tailored Brands Creditors Nab Settlement
Good day. A third investment group hoping to help Hertz leave chapter 11 says that day traders who bet on the bankrupt rental-car company last year were on to something. Meanwhile, the world’s largest movie-theater chain is asking shareholders for permission to issue up to 500 million new shares.
And, former creditors of Tailored Brands, the owner of Men’s Wearhouse and Jos. A. Bank, will receive a modest payment after company shed $686 million in debt.