Entries tagged "stalking-horse bid"

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Grubb & Ellis gets DIP, stalking-horse bid

The commercial real estate services company, hurt by operating losses and negative cash flow, secures a $34.83 million credit bid for its assets from BGC Partners Continue reading

Posted on February 21, 2012 4:08 PM

Supreme Court to rule on credit-bidding

The high court will hear oral arguments on April 23 and make a decision by June, sources say. Continue reading

Posted on February 9, 2012 2:45 PM

Approval of Innkeepers settlement clears sale's path

The bankrupt hotel operator will sell 64 properties to affiliates of Cerberus Capital Management and Chatham Lodging Trust for $1.02 billion Continue reading

Posted on October 21, 2011 5:00 PM

Cerberus Capital up to old tricks

The fight is reminiscent of the New York buyout shop's decision in 2007 to abandon its $6.6 billion purchase of United Rentals Inc. Continue reading

Posted on September 27, 2011 3:10 PM

SSI Group falls in the Ch. 11 soup again

The private equity-backed operator and franchisor of the Souper Salad and Grandy's restaurant chains returns to bankruptcy with a DIP financing and a stalking-horse bid for one of its businesses. Continue reading

Posted on September 15, 2011 1:01 PM

Circuit City's patents bring in more than $6M

The price for the defunct electronics retailer's remaining patents rose from $750,000 at an Aug. 16 auction. Continue reading

Posted on August 17, 2011 1:52 PM

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