AMC thought about buying some Cineworld theaters, but it went nowhere

Movie-theater chain AMC Entertainment Holdings Inc. on Wednesday said talks to acquire some theaters run by ailing rival Cineworld Group have ended

, after discussing the matter with Cineworld’s lenders in the wake of its bankruptcy filing this year.

In a filing on Wednesday, AMC AMC said that a definitive agreement with Cineworld’s lenders “has not been reached” and that “at this time negotiations are not continuing.” Following the filing of that disclosure, AMC Chief Executive Adam Aron said the decision was intended to protect shareholders, many of whom piled into the stock during last year’s meme-stocks frenzy.

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