Wed Mar 3 17:35:10 2021
(*7d115397*):: hedge funds eat Alamo Drafthouse. Should have been a meme stock
— Alamo Drafthouse files for Chapter 11 bankruptcy, closure of some theaters
— Alamo Drafthouse has filed for Chapter 11 bankruptcy, according to a statement from the company. The filing comes as part of an asset purchase agreement with Altamont Capital Partners, which was a previous investor in the company, as well as affiliates of Fortress Investment Group, a new financial backer. The agreement involves “substantially all” of Alamo Drafthouse’s assets, the statement says.
