AMC held discussions regarding a potential strategic acquisition of theaters from its rival, the bankrupt Cineworld, according to a securities filing by AMC Wednesday
A decline in the price of AMC’s APE units has made the deal uneconomical for now, a person familiar with the matter saysAlexander GladstoneAMC Entertainment Holdings Inc. held discussions regarding a potential strategic acquisition of theaters from its rival, the bankrupt Cineworld Group PLC, according to a securities filing by AMC on Wednesday.
AMC’s deal talks were held with certain lenders to Cineworld, who have a powerful role in that company’s bankruptcy process. The talks focused on AMC acquiring theater assets of Cineworld in the U.S. and Europe, and how such a deal would be financed.
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