May

Weinstein Company Declares a Winner in Its Bankruptcy Sale

LOS ANGELES — The Weinstein Company on Tuesday named a Dallas private equity firm as the winning bidder in its bankruptcy sale, spurning an offer by the Broadway producer Howard Kagan.

The victor — for now, at least, as a bankruptcy judge still has to sign off and the decision could be challenged by creditors — is Lantern Capital Partners. It entered the sale as the studio’s prearranged bidder, or “stalking horse,” which set a price floor. Lantern offered $310 million plus the assumption of about $115 million in debt…

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Weinstein Company Declares a Winner in Its Bankruptcy Sale

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