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AMPY - Amplify Energy -17% as Fir Tree Capital moves to sell remaining stake
Amplify Energy Corp.
Amplify Energy (AMPY) -17.3% post-market on news that shareholders affiliated with Fir Tree Capital are launching a public offering of more than 8.5M common shares.Fir Tree recently disclosed a 23.7% activist ownership interest in the company, holding more than 8.9M shares as of Nov. 25.AMPY shares have surged 85% in the past month but remain 74% lower over the past year.