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Weinstein Bankruptcy Bid Notice Filed

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Weinstein Company Holdings filed with the U.S. Bankruptcy Court a notice to parties intending to submit a credit bid in connection with an auction for the sale of the Debtors’ assets.

The notice states, “On April 6, 2018, the Court entered an order [Docket No. 190] (the ‘Bidding Procedures Order’) that, among other things, (a) approved the Bidding Procedures pursuant to which the Debtors will solicit and select the highest and otherwise best offer for the sale of substantially all or a portion of the Debtors’ Assets, (b) approved the form and manner of notice related to the Sale, (c) approved the procedures for the assumption and assignment of executory contracts and unexpired leases in connection with the Sale, including notice of proposed cure amounts and (d) scheduled the hearing to enter an order approving the Sale to the Stalking Horse Bidder or such other Successful Bidder for May 8, 2018 at 11:30 a.m. (Eastern Daylight Time). Pursuant to the Bidding Procedures, a bid will be considered a Qualified Bid only if it is received prior to 5:00 p.m. Eastern Daylight Time on April 30, 2018 (the ‘Bid Deadline’) and it complies with certain criteria outlined in the Bidding Procedures, including, among others, that such bid states that the applicable Qualified Bidder offers to purchase Assets in cash or, if applicable, through a credit bid meeting the requirements of section 363(k) of the Bankruptcy Code.”

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