Judge OKs $400M Sale Of Leiner Assets To NBTY

Law360, New York (June 13, 2008, 12:00 AM EDT) -- The judge overseeing Leiner Health Products Inc.'s Chapter 11 case has OK'd a roughly $400 million deal to sell most of Leiner's assets to a stalking horse bidder, nutritional supplement maker NBTY Inc.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware signed an order Wednesday authorizing the sale of substantially all of the debtors' assets as outlined in an asset purchase agreement that Leiner and NBTY said they inked Monday.

The assets' purchase price is $371 million, but Leiner estimated...
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