Bankrupt Landauer Gets Nod for $22M Sale To Quadrant

Law360, Wilmington (January 6, 2014, 8:12 PM ET) -- A Delaware bankruptcy judge signed off Monday on the $22 million sale of medical device supplier Landauer-Metropolitan Inc. to a unit of investment firm Quadrant Management Inc., a deal which has taken a number of forms during the course of Chapter 11.

At a hearing in Wilmington, U.S Bankruptcy Judge Christopher S. Sontchi blessed the sale and an ancillary support agreement after two outstanding objections were resolved during a lengthy recess.

“I'm glad we're moving this case forward,” Judge Sontchi said.

Landauer Metro entered court protection...
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