Allied Committee: Asset Sale Should Be Reopened To Allow $135 Million Bid

Allied Committee: Asset Sale Should Be Reopened To Allow $135 Million Bid

WILMINGTON, Del. - The Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy of Allied Systems Holdings Inc. on Sept. 6 moved to reopen the asset auction in order to consider a $135 million bid which it says would maximize the value of the bankruptcy estate (In Re: Allied Systems Holdings Inc., No. 12-11564, Chapter 11, D. Del. Bkcy.).

Find full version on lexis Advance®
Access this news story on lexis.com®