Scooter Store Gets Nod For Ch. 11 Auction In August

Law360, Wilmington (June 24, 2013, 9:57 PM EDT) -- A Delaware bankruptcy judge signed off Monday on private equity-controlled Scooter Store Holdings Inc.'s plan to sell itself in a Chapter 11 auction in August, granting the Texas-based company permission to enter into a stalking horse agreement if one were to come along.

As of Monday, the company had not publicly secured a bidder that would set a floor in the auction, but the bid procedures include provisions that would set a ceiling on the stalking horse's breakup fee at 2.5 percent of the purchase price...
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