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, Reuters reported. 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. AMC in August announced its preferred share APE as a special dividend for shareholders and a means to raise capital in the future. The company listed these shares in New York under the ticker 'APE'. Shares of AMC rose nearly 2% in trading before the bell, while its preferred shares were up more than 3%. Cineworld shares fell 5%. During the discussions, AMC said that Cineworld did not provide any confidential or non-public information, analyses, compilations, forecasts, among other documents to the lenders.
