Major shareholders can have a significant impact on a company’s business and stock price, especially if one controls a majority of votes. In the case of AMC Entertainment (NYSE: AMC) , that major shareholder is the Dalian Wanda Group, a large Chinese conglomerate that acquired AMC in 2012 in a deal valued at $ 2.6 billion and then took it public in 2013 but retained majority ownership.
Wanda’s founder and chairman is Wang Jianlin, one of the richest men in China, whom Jeffrey Katzenberg once described as a “force of nature.”
The stock closed on Thursday down nearly 50% over the past year, with recent reports about a…
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