AMC chief Aron touts liquidity amid Cineworld's bankruptcy.
$AMC Entertainment(AMC.US$ $CINEWORLD GROUP(CNNWF.US$
With Cineworld filing for Chapter 11 bankruptcy, rival CEO Adam Aron of AMC is tweeting through it and looking to reassure those worried about the liquidity of the world's top theater chain.
With Cineworld filing for Chapter 11 bankruptcy, rival CEO Adam Aron of AMC is tweeting through it and looking to reassure those worried about the liquidity of the world's top theater chain.
"Cineworld/Regal just filed for Chapter 11 bankruptcy protection for its theatres in the U.S. and U.K.," Aron said. "Fortunately, AMC is in a very, very different situation — because retail investors embraced us and let us raise boatloads of cash. Thank you to retail! You really did save AMC."
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