Sun-Times Seeks OK For $5M Sale To Investor Group

Law360, New York (September 9, 2009, 6:15 PM EDT) -- The bankrupt Sun-Times Media Group has asked a judge to approve the sale of substantially all its assets to a stalking horse investor group, led by Mesirow Financial Holdings Inc. CEO James C. Tyree, for $5 million in cash.

Sun-Times Media filed the motion seeking approval of the asset sale to STMG Holdings LLC free and clear of liens, claims, encumbrances and other interests, as well as bidding procedures related to the sale, in the U.S. Bankruptcy Court for the District of Delaware on Tuesday....
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