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Coronavirus Pushes AMC Entertainment Closer to Bankruptcy

TheMotleyFool

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Coronavirus Pushes AMC Entertainment Closer to Bankruptcy

With all of its 630 movie theaters closed, 25,000 employees furloughed, and no incoming revenue, AMC Entertainment (NYSE: AMC) looks to be inching closer to filing for bankruptcy.

The New York Post reports the theater chain is talking with a law firm to pursue a Chapter 11 filing.

Image source: Getty Images.

Source Fool.com

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