The warnings from AMC Entertainment Holdings (NYSE: AMC) that it is about to run out of cash are becoming more urgent. The movie theater operator says it has enough cash to last until the end of the year, maybe into early 2021.
It is selling stock to remain afloat, although that will significantly dilute existing shareholders. But maybe a bailout in the form of an acquisition would save the theater chain from the abyss. Although any movie studio could acquire AMC, Walt Disney (NYSE: DIS) might want to give it serious consideration.
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Source Fool.com