China's Wanda Group Emerges As AMC Bidder, NYT Reports.

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  • Additional Information
    • Subject Terms:
      UNITED States
    • Subject Terms:
      WANDA Group Corp.; AMC Entertainment Inc.
    • Abstract:
      The article reports that Wanda Group, a conglomerate that operates movie theaters in China, is seeking to acquire AMC Entertainment, the second biggest theater group in the U.S. The two parties are reportedly negotiating a sale that would provide an exit for investors in AMC after a planned stock offering was shelved. For investors of AMC, an increase in ticket sales is said to present an opportunity to cash out an investment.