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.
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.