It’s official – Nelly and Ashanti are back together!
24.08.2023 - 17:17 / deadline.com
Leading exhibitor AMC Entertainment completed a 1-for-10 reverse stock split this morning, a planned move preceding Friday’s conversion of its preferred “APE” shares into common stock.
After the split, AMC shares were down 25% midway through the trading day, with volume at five times normal levels. The split means investors in the movie theater circuit get one share for every 10 shares they previously held, with the share price rising automatically as a result. Reverse splits are generally viewed as potentially risky moves by companies in need of reviving the price of their stock. AMC shares had been in the $2 range in recent days; factoring in the split, they are now above $14. Investors have continued to express worries about being diluted by the APE swap.
When Covid shut down theaters for months, AMC Entertainment became one of a handful of meme stocks boosted by a surge of retail investors who used Reddit to co-ordinate their holdings in distressed legacy companies. Once primarily under the control of private equity firms, AMC’s shareholder base is now dominated by individuals. While the meme-stock phenomenon helped AMC avoid the fate of rivals like Regal Cinemas parent Cineworld and others driven into bankruptcy, CEO Adam Aron has recently issued public warnings about liquidity concerns. The company has a hefty total debt load of $9.5 billion.
AMC shares have fallen steadily since a Delaware Chancery Court judge ruled that the conversion of APE units into common AMC shares can proceed. Immediately following the ruling, shares skidded to their lowest level since 2021. The APE initiative, named after the “ape” nickname for investors (Aron is known as The Silverback), failed to provide the boost execs anticipated.
It’s official – Nelly and Ashanti are back together!
Congratulations are in order for EastEnders' Aaron Sidwell and his second wife Tricia Adele-Turner.The former Steven Beale actor and fiancée-at-the-time Tricia went their separate ways during the Covid-19 lockdown, but in a new social media post, the 35 year old surprised everyone by referring to her as his "wife". Next to a loved-up snap of them together was this message: "My brilliant wife! Seen the show once, not listened to the score until yesterday afternoon.
A campaign has been mounted against the Scottish Fire and Rescue Service (SFRS) cuts which has seen the loss of a water pump and jobs in Perth.
What’s not to love about this upcoming TV series? After the success of “The Queen’s Gambit” on Netflix in 2022, creators Scott Frank and Allan Scott went into high demand. And for Frank’s next project, he teams up with “OZ” and “Homicide” writer and “City On A Hill” showrunner Tom Fontana for a take on Dashiell Hammett‘s legendary detective Sam Spade.
AMC Entertainment is setting the table to sell up to 40 million shares, which it can now do with stockholder approval and after it dispensed with its APE units.
Joe Gatto and his wife Bessy are giving it another go.
Nineties boyband Let Loose have reunited to record a new single - almost 30 years after their hit song, Crazy For You, topped the charts.The group, who formed in 1993, have also got a London gig coming up at the end of this year - ahead of a tour planned for 2024. However, it will not be the original line-up that takes to the stage.The trio originally consisted of Richie Wermerling, now 54, Lee Murray, 52 and Rob Jeffrey. Richie was lead vocals, Jeffrey was the band's guitarist and backing singer, while Lee was on drums.
Crystal Hefner is finally breaking her silence about her late husband, Hugh Hefner — and she’s got A LOT to say.
Addie Morfoot Contributor The upcoming Woodstock Film Festival will kick off with Chloe Domont’s “Fair Play” and present a lifetime achievement award to James Ivory. The 24th edition of the fest, which runs from Sept.
Elton John is back home after a brief hospitalization over the weekend after falling at his villa in Nice, France. The 76-year-old singer was taken to the orthopedic department of the Princess Grace Hospital in Monaco where he was treated for minor injuries.«We can confirm that following a slip yesterday at his home in the south of France, Elton visited the local hospital as a precautionary measure,» John’s rep tells ET.
Elton John is recovering.
Elton John was injured after falling at his villa in France at the weekend.
Elton John was admitted to hospital after suffering a fall at his villa in France.The 76-year-old singer, who recently retired from touring, spent the night at the Princess Grace hospital in Monaco, where he was treated for minor injuries.A spokesperson told BBC News that the singer was hospitalised “following a slip yesterday at his home in the south of France”.“Elton visited the local hospital as a precautionary measure. Following check-ups, he was immediately discharged this morning and his now back at home and in good health.”Earlier this month, John was seen at a dinner party with Kevin Spacey, one month after giving testimony in the actor’s sexual assault trial.In a video uploaded by a band named The Snugglers on Instagram, the pair are seen alongside John’s husband David Furnish having dinner at restaurant La Petite Maison in Nice, France.Last month (July 26), Spacey was cleared of nine sexual offence charges in London after a four-week trial, including seven counts of sexual assault, one count of causing a person to engage in sexual activity without consent, and one count of causing a person to engage in penetrative sexual activity.John held the final concert of his Goodbye Yellow Brick Road tour at Stockholm’s Tele2 Arena last month.
Elton John had a fall at his villa in Nice, France, over the weekend.
Texas Tribune.The law was challenged by a group of plaintiffs, including five families with transgender children, three doctors specializing in transgender care, a national LGBTQ advocacy organization, and an organization for LGBTQ health professionals. The plaintiffs argued that the ban on gender-affirming care discriminates against transgender youth, infringes on parents’ right to make medical decisions they believe are in their children’s best interests, and violates doctors’ freedom to practice medicine.In her ruling, Cantú Hexsel agreed with the plaintiffs, finding that the plaintiffs were likely to succeed in proving the law “interferes with Texas families’ private decisions and strips Texas parents … of the right to seek, direct, and provide medical care for their children.”“The evidence before the Court does not support the conclusion the Act protects the health or wellbeing of minors,” Cantú Hexsel wrote.
Iggy Azalea says her concert came to an abrupt halt Friday night in Saudi Arabia, where she claimed authorities kicked her off stage after she split her pants open.The 33-year-old GRAMMY-nominated rapper was headlining the e-sports event Gamers8 at Boulevard Riyadh City, which marked her Saudi Arabia debut. But, according to video she posted on Instagram, it all came to a screeching halt after Iggy split her pants open while in the middle of performing her 2014 track, «Work.»The video she posted shows the rapper looking to the side of the stage and signaling that her pants ripped, exposing her left leg, and that's when she said cops put an end to the performance.
Tove Styrke has joined the cast of a new Stockholm production of David Bowie‘s Lazarus musical.The Swedish singer will feature in the new production, which is set to premiere on February 15, 2024 at the Göta Lejon theatre, alongside Linus Wahlgren, Simon J Berger, Björn Bengtsson, Christopher Wollter, Lisa Larsson and more.“I’ve been dying to tell you this,” Styrke wrote in a Facebook post this week. “In 2024 I will join an amazing cast and director for the new production of David Bowie’s “Lazarus” in Stockholm.
They say time is a healer, and that’s certainly the case for Christine McGuinness – who is “living her best life” a year on from her split from husband Paddy, a source tells OK! . The 35-year-old set tongues wagging last week when she was spotted holding hands and locking lips with pal Chelcee Grimes during a girls’ holiday in Ibiza.
Helen Skelton shocked BBC Radio 5 Live listeners last week by making the bombshell announcement that she’s quitting her role after just one year on air.The mum-of-three has reportedly stepped down from the show to "put her family first", as she continues to manage the aftermath of last year’s brutal separation from her husband Richie Myler. "It’s been such a turbulent year-and-a-half," a source close to Helen explained.
A new school catering for special educational needs is to be built in Hazel Grove so that more children with additional needs will be able to attend lessons closer to their homes.