Judge OKs Milacron Asset Sale To Lenders Group

Law360, New York (June 29, 2009, 12:00 AM EDT) -- A federal bankruptcy judge has approved the $175 million sale of chemical processing company Milacron Inc. to a group of its senior secured noteholders after no other offers topping the bid came in, the company announced Monday.

Judge J. Vincent Aug approved the sale at a hearing Friday in the U.S. Bankruptcy Court for the Southern District of Ohio, according to a spokesman for Milacron.

The deal will be completed in July, the company said in the statement.

“These are investors who understand our company, our...
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