Judge OKs Bankrupt Townsends' Auction Plan
Judge Christopher S. Sontchi signed off on the procedures after a hearing in the U.S. Bankruptcy Court for the District of Delaware, scheduling an auction for Feb. 15 and a hearing to approve the sale on Feb. 17.
The order includes a 3 percent break-up fee for the stalking horse, should one be found. Derek Abbott of Morris Nichols...
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