Bankruptcy judge rejects Verizon objection to sale of Nortel business systems unitSeptember 16th, 2009 Nortel bankruptcy judge denies Verizon objectionWILMINGTON, Del. — The judge presiding over the Nortel Networks bankruptcy has ruled against an objection by Verizon Communications Inc.
Titan closes on purchase of assets of Lickness Bros.August 17th, 2009 Titan closes asset purchase of Lickness Bros.FARGO, N.D. — Titan Machinery Inc., which runs construction and agriculture equipment stores, said Monday it closed on its purchase of assets of Lickness Bros.
Eclipse Aerospace says no other bidders appeared for closed EclipseAugust 14th, 2009 Company wants to take over Eclipse Aviation assetsALBUQUERQUE, N.M. — A company that wants to buy the assets of now-closed Eclipse Aviation hopes to close on the sale by the end of the month.
Continucare says it bought sleep study testing facility operator for an undisclosed amountAugust 13th, 2009 Continucare buys Professional Sleep DiagnosticsMIAMI — Continucare Corp. said Thursday it bought Professional Sleep Diagnostics Inc., a company that operates 13 sleep diagnostic centers, for an undisclosed amount.
GM says it will register 3.5 billion stock shares for sale next year; won't report 2Q earningsAugust 8th, 2009 GM to register 3.5 bln shares of stock for saleDETROIT — The new General Motors Co. plans to register 3.5 billion shares of stock to ready itself for a public offering sometime next year, using the proceeds to repay at least part of what it owes the U.S.
American Airlines closes sale of $276M in senior secured notesAugust 3rd, 2009 American Airlines closes $276M private debt saleFORTH WORTH, Texas — AMR Corp., the parent company of American Airlines Inc., said Monday it has closed the sale of $276 million in senior secured notes. The notes are due 2016 and will yield 13 percent.
AIG closes $697.5M sale of life insurance premium finance portfolio as part of restructuringJuly 28th, 2009 AIG sells life insurance premium finance businessNEW YORK — Insurer American International Group Inc. said on Tuesday that it closed the sale of its life insurance premium finance business for $679.5 million in cash.
GM's path to exit bankruptcy protection apparently clear as deadline passesJuly 9th, 2009 GM's path to leave Chapter 11 apparently clearedDETROIT — It looks like the path is now clear for General Motors to exit bankruptcy protection as a new government-controlled company. A judge's order approving a plan to sell most of GM's assets to a new company was to take effect at noon Thursday.
VCA Antech buys Eklin Medical Systems for undisclosed amount in technology expansionJuly 1st, 2009 VCA Antech buys Eklin for undisclosed amountLOS ANGELES — Veterinary services provider VCA Antech Inc. said Wednesday it bought Eklin Medical Systems Inc.
Court approves sale of Fleetwood motor home assets to New York private equity for $53 millionJune 26th, 2009 Court OKs $53M sale of Fleetwood motor home assetsNEW YORK — Recreation vehicle maker Fleetwood Enterprises Inc., which has been operating under bankruptcy protection for three months, has received court approval to sell its motor home assets to a private equity firm for $53 million. The sale to New York-based American Industrial Partners Capital Fund IV LP includes two motor home manufacturing facilities and Fleetwood's Gold Shield supply subsidiary.
Cablevision says it's not selling Madison Square Garden or related assetsMay 11th, 2009 Cablevision says MSG division not for saleBETHPAGE, N.Y. — Cablevision says it has no plans to sell Madision Square Garden, home of the NBA's New York Knicks, or any other Cablevision business.
Judge approves procedures for Chrysler sale of assets to Fiat, deal could close by end of JuneMay 6th, 2009 Judge OKs procedures for sale of Chrysler assetsNEW YORK — The judge overseeing Chrysler's Chapter 11 proceedings says the automaker can start taking steps toward selling the vast majority of its assets to Italy's Fiat. Judge Arthur Gonzales says the procedures proposed by Chrysler's lawyers represent a "clear and orderly process."
Attorneys for Auburn Hills, Mich.-based Chrysler LLC argued that the automaker had essentially been up for sale for most of the last two years and a speedy sale was needed in order to preserve the value of the company's assets.
Group of dissident Chrysler lenders files motion to block sale of automaker's assets to FiatMay 5th, 2009 Lenders group objects to sale to FiatNEW YORK — A dissident group of Chrysler lenders is objecting to the sale of the bulk of the automaker's assets to Italian automaker Fiat, saying that the proposed sale process is designed to prevent competitive bidding. In an objection filed Tuesday, the lenders group says the proposed bidding procedures only give the appearance of legitimacy and don't maximize the sale price of the assets.
Bankruptcy judge asked to approve proposed sale of Magna Entertainment assetsMay 4th, 2009 Judge weighs Magna Entertainment asset saleWILMINGTON, Del. — Horse track owner Magna Entertainment Corp.
Bankruptcy judge approves proposed sale of Magna Entertainment assetsMay 4th, 2009 Judge approves Magna Entertainment asset saleWILMINGTON, Del. — A Delaware bankruptcy judge has approved proposed sale procedures for certain assets of horse track owner Magna Entertainment Corp.
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