Judge Values Nellson Nutraceutical At $320M
Judge Christopher S. Sontichi of the U.S. Bankruptcy Court for the District of Delaware has put the company’s value at about $320 million, despite the company’s earlier estimate that the business is worth $400 million.
Nellson filed for Chapter 11 bankruptcy protection last spring, listing assets of $100 million and debts of $365 million. The company,...
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