Fedders Moves To Sell Indoor Air Quality Assets

Law360, New York (April 30, 2008, 12:00 AM EDT) -- Fedders Corp. is seeking bankruptcy court permission to sell off its indoor air quality businesses for $25 million, a transaction that could push the gross proceeds from its asset sales to $67 million and mark the last major asset sale that the debtors need to undertake.

Fedders filed its motion seeking approval of the sale on Tuesday in the U.S. Bankruptcy Court for the District of Delaware and warned the court that its chances to sell the businesses while operating them as going concerns were waning....
To view the full article, register now.