TLO's Ch. 11 Plan Rests On Sale With $105M Stalking Horse

Law360, New York (November 1, 2013, 3:14 PM EDT) -- TLO LLC, the Boca Raton, Fla.-based data solutions provider that fell into bankruptcy after its founder unexpectedly died in January, on Friday submitted a liquidation plan that hinges on an asset sale with a stalking horse bid of $105 million.

TransUnion Acquisition Corp., an affiliate of TransUnion Holding Corp., submitted the stalking horse bid. An auction is set for Nov. 20 and the sale is expected to close by the end of the year, according to the company.

TLO’s co-CEOs and daughters of the deceased founder,...
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