https://www.bloomberg.com/news/articles/2023-03-01/amc-ape-bet-looks-like-easy-money-but-it-s-perilous-for-traders
It’s a no-brainer arbitrage trade: Pocket the $5 gap in AMC Entertainment Holdings Inc.’s proposed conversion of preferred stock into common shares. However, Wall Street pros are discovering the bet is anything but easy to pull off.
AMC-APE Stock Conversion Bet Isn’t as Easy as Wall Street Traders Thought
Published in Business and Uncategorized
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