Bankrupt Revstone Seeks Approval Of $14M Subsidiary Sale

Law360, Los Angeles (April 22, 2014, 8:48 PM ET) -- Bankrupt auto parts conglomerate Revstone Industries LLC urged a Delaware bankruptcy judge on Monday to approve the more than $14 million sale of Revstone Wallaceburg Canada Inc., a subsidiary that owns more than 25 million shares of diecast tooling manufacturer Aarkel Tool & Die Inc.

Seller Revstone said it filed the share purchase agreement in mid-March and named Zynik Capital Corp. as the tentative purchaser or “stalking horse bidder.” If approved, Revstone would sell 100 shares of common stock of RWCI, which represents 100 percent of...
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Case Information

Case Title

Revstone Industries, LLC


Case Number

1:12-bk-13262

Court

Delaware

Nature of Suit

Date Filed

December 2, 2012

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