In conjunction with the proposed stalking horse bid
, Contura would provide an initial purchase deposit of $8.1 million.
No other proposed bids exceeded the KPC Group's original stalking horse bid
of USD 610m.
The bid by OI comprises the initial stalking horse bid
in the auction process.
Lampert's potential purchase offer for Sears stores would be a "stalking horse bid
," which would be tested at an auction for higher offers, according to court papers.
The stalking horse bid
, set in this case at $1.131 million,is an attempt by the debtor to test the market for its assets in advance of an auction, with the intent to maximize the value of the assets or avoid lowbids.
Greg Corbin, Miguel Jauregui and Leah Chen are seeking proposals for a stalking horse bid
for the residential portion of 14228 38th Street or for the entire building of $25.95 million.
An affiliate of Staple Street Capital has acquired substantially all of the assets of Mid-States Supply Company in a transaction effectuated through a stalking horse bid
in a Section 363 process in US Bankruptcy Court, the company said.
The company entered a request on February 8 for approval of a sale of its core assets in a bidding process, which includes a stalking horse bid
. Included in that bid are the Alpha Coal West complexes; the McClure, Nicholas and Toms Creek mine complexes in West Virginia and Virginia; all operations and reserves in Pennsylvania, including the Cumberland and Emerald mines; the Freeport, Sewickley and Foundation coal reserves and assets; its natural gas business interest owned by Pennsylvania Land Resources Holding Co.; the company's interest in Dominion Terminal Associates in Newport News, Virginia; and other assets and working capital.
On Friday Rich Mirman, Freedom's chief executive, said the team he's leading to buy the company out of bankruptcy had decided to forego making a stalking horse bid
for the company.
One objector called into question the sale of the TV unit, saying in an interview that bidding for Relativity Television was tamped down improperly, because interested parties felt they had to beat the $250 million stalking horse bid
to secure just the TV production operation.
8, 2013 bankruptcy filing, Furniture Brands International received debtor in possess financing from Oaktree Capital Management, which also provided a stalking horse bid
on the parent of Thomasville and Lane furniture.
Popularly referred to as a stalking horse bid
, the offer by the private equity firms serves as the minimum proposal for the business and could still be topped by others.