Cinema chain AMC Entertainment Holdings said on Wednesday it was no longer in talks to acquire some theaters owned by now bankrupt Cineworld Group following initial discussions with some lenders.
AMC said the earlier talks were focused on the acquisition of certain theater assets of Cineworld in the United States and Europe, which would be financed partly through issuance of its preferred stock and debt financing provided by the lenders.
Shares of AMC rose nearly 2% in trading before the bell, while its preferred shares were up more than 3%. Cineworld shares fell 5%.
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