A US Bankruptcy Court in Delaware has approved Lantern Capital’s stalking horse bid to buy The Weinstein Company, the New York Post reported. Lantern offered $310 million cash plus $115 million in assumed debt for Weinstein, the story said. The bankruptcy decision quashed a $325 million rival offer from Howard Kagan’s Inclusion Media, which promised a $30 million fund for victims of TWC co-founder and alleged sexual predator Harvey Weinstein, the NYP said.
Source: https://www.pehub.com/2018/05/lantern-capital-wins-bid-weinstein-co-new-york-post/
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