The acquisition comes as the chain has moved to expand its circuit amidst a rapid surge in its stock price fueled by meme traders.
While the chain’s stock price has fallen from its all-time peak of $62/share at the start of June, it is still currently holding at $34/share, a level that prior to the recent spike was last reached at the end of 2016.That hunt for new multiplexes made AMC a natural fit for the Grove and Americana.
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