AMC shares tumble on revised stock-conversion plan, while U.S. Steel stock surges on takeover bid, and more moving stocks.

Shares of AMC Entertainment Holdings Inc.’s Preferred Equity units APE jumped 33% ahead of Monday’s open after a Delaware court on Friday approved a revised, but still controversial, stock-conversion plan for the movie-theater chain.Stock gainers:

Shares of AMC Entertainment Holdings Inc.’s Preferred Equity units APE jumped 33% ahead of Monday’s open after a Delaware court on Friday approved a revised, but still controversial, stock-conversion plan for the movie-theater chain.U.S. Steel shares X surged 22% after Cleveland-Cliffs Inc. CLF announced Sunday it had made a $7.3 billion takeover bid that was rejected by the steelmaker’s board. Earlier Sunday, U.S.

AMC Entertainment Holding Inc. shares AMC fell more than 25% after that court approval of the movie-theater chain’s stock-conversion plan. Shares of Tesla Inc. TSLA slipped 1.7% in premarket after the electric-vehicle maker cut the cost of two versions of its Model Y SUVs on Sunday.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. Steel to explore strategic alternatives for the companySteel producer United States Steel Corporation said on Sunday it is initiating a formal review to evaluate strategic alternatives for the company.
Source: Reuters - 🏆 2. / 97 Read more »

US Steel receiving acquisition offers as company promises to maximize stockholder value | CNN BusinessUnited States Steel Corp. (X) is considering a sale after fielding acquisition offers, according to a news release Sunday from the company.
Source: CNN - 🏆 4. / 95 Read more »