Ind. Limestone Goes With PE Firm's $26M Stalking Horse Bid
By Matt Chiappardi
Law360, Wilmington (April 15, 2014, 9:58 PM ET) -- Bankrupt quarrier Victor Oolitic Stone Co., which does business as Indiana Limestone Co., canceled the scheduled Chapter 11 auction and is set to go with the $26 million stalking horse offer from a unit of private equity firm Wynnchurch Capital, an attorney for the debtor said Tuesday.
Indiana Limestone, whose slabs of stone were used to build New York City's Empire State Building, did not receive any qualifying bids by the deadline to rival the stalking horse one from Wynnchurch unit Indiana Commercial Finance LLC, and...