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The Weinstein Co.'s $21M Sale Price Reduction Approved

Law360 (July 11, 2018, 10:17 PM EDT) -- An amended sale of assets by debtor The Weinstein Co. received court approval Wednesday in Delaware after the movie studio reached terms with its unsecured creditors and its buyer to reduce the $310 million cash purchase price by $21 million.

During a hearing in Wilmington, debtor attorney Paul H. Zumbro of Cravath Swaine & Moore LLP said that negotiations among the parties curtailed the original $23 million reduction in the previously approved sale price proposed by buyer Lantern Entertainment LLC and added a minimum commitment from...
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