Bankrupt Wolverine Tube To Sell Component Biz

Law360, New York (November 15, 2010, 3:02 PM EST) -- Bankrupt cooling industry copper tubing maker Wolverine Tube Inc. has struck a deal to sell its air conditioning component business, owned by debtor Tube Forming LP, to Mueller Industries Inc. unit Overstreet-Hughes Co. Inc. — or possibly a higher bidder.

Bankruptcy Judge Peter J. Walsh signed off on the asset sale plan Friday in the U.S. Bankruptcy Court for the District of Delaware, setting up a Dec. 13 bid deadline and a Dec. 17 auction if more than one qualifying bid is turned in.

While Wolverine's...
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