dayton-simhadri.blogspot.com
The order by Judgee Kevin Carey clearsthe $32 millioh sale of those Americab Community assets that are free of liens, claimx and other interests. The company filex for Chapter 11 bankruptcy protection in late April to launchha restructuring. The order approving the sale indicates no other bids for the companu surfaced in bankruptcy proceedings aside fromits creditors, so an auction wasn’ty held. Creditors buying the company’s assetx formed American Community Newspapers II LLC to pursue the according tothe agreement.
The transaction comes about two yearsz after the suburban Dallasx publisher arrived in Central Ohio with its purchase of The OtherePaper , Columbus Monthly and CEO magazine and the Suburban News Publications weeklyh newspaper chain from CM Media. A spokesman for Americanh Community Newspapers said Friday morningf thecompany doesn’t expect changes in its day-to-day operatione as a result of the sale.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment