Subject: Re: Weinstein Company sold
On 3/7/2018 7:11 PM, anim8rfsk wrote:
> In article <email@example.com>, Obveeus<Obveeus@aol.com>
>> On 3/2/2018 8:48 AM, Obveeus wrote:
>>> The Weinstein company has a sale agreement in place for the company.
>> ...and now, just a week later, the sale falls through because the debt
>> load was significantly higher than expected:
>> That brings the debt level to nearly $290 million, according to two
>> individuals familiar with the deal.
>> Burkle and Contreras-Sweet had been told by the Weinstein Co. that their
>> debt levels were in the $225 million range.
> How can this happen when you have an all woman board?
The all (actually just mostly) woman board was something that the new
ownership was planning to do. Now that they have backed out, it will
not happen. Meanwhile, The Weinstein Company is trying to put out
'fires' because some news reports are saying that they won't be able to
meet weekly payroll.