Highway Technologies Seeks To Sell Off Branches For $5M

Law360, New York (June 06, 2013, 8:52 PM ET) -- Highway Technologies Inc. on Wednesday asked a Delaware bankruptcy judge to approve agreements to sell two of its branches for about $5.25 million, as part of the defunct traffic safety firm's efforts to wind down its business after a soured sale brought its operations to a halt.

The Houston-based traffic safety giant seeks approval for two purchasing agreements to sell its Minnesota and Montana branches, for $2.5 million to SSJS Inc. and $2.7 million to Mountain West Holding Co. LLC, respectively. The request is the firm's...
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