Hedge Fund Has Fight On Its Hands Over ‘Terminator’
Feb 8 2010 | 8:27am ET
Halcyon Holding Group, which bought the “Terminator” rights two years ago with a $30 million loan from Pacificor, is set to auction off the asset today. The hedge fund plans to submit a creditors bid, based on its claim that Halcyon owes it $32 million; Halcyon counters that it owes only $4 million.
The rights have already attracted an offer from Lions Gate Entertainment, which bid $15 million and 5% of future revenues last month.
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