Lionsgate Entertainment, in talks to combine with “Twilight” producer Summit Entertainment, would limit stock and debt issuance in any deal, Vice Chairman Michael Burns said.

Lionsgate, distributor of the Tyler Perry comedies, plans to reduce debt levels over the next two years, Burns said yesterday at the UBS Media & Communications Conference. The company’s goal is for acquisitions to boost earnings, he said.

The aim for deals that boost profit suggests the company won’t overpay. Three people with knowledge of the situation confirmed last month that Lionsgate wants to combine with Summit. Colony Capital, which owns Miramax, also held talks with Summit, people have said.