Ciprico receives $2.25M bid An unspecified strategic buyer has offered bankrupt Ciprico Inc. a $2.25 million stalking-horse bid for its intellectual property. Final bids from potential buyers would be due on Sept. 15, an auction would be held Sept. 17, and sale hearing would follow a day later.
- Carolyn Okomo
G-I plan approval looms Creditors of G-I Holdings Inc. will finally have the opportunity to vote on a reorganization plan for the bankrupt company after more than seven years in Chapter 11. Under the plan an asbestos trust would be created for the resolution and payment of all asbestos claims.
- Carolyn Okomo
