Bankrupt Vmark Lands $51M Bid For Assets From Printing Co.

Law360, Wilmington (September 27, 2012, 10:22 PM EDT) -- Vmark Inc. said Thursday that it had secured a $51 million stalking horse bid for its assets from security printer Valid USA Inc., putting the direct marketing company on a path out of Illinois bankruptcy court.

Brazil-based Valid's offer will be subject to higher bids at an auction to occur within the next 60 days, according to Hillside, Ill.-based Vmark.

“This announcement is a major step toward ending Vmark's Chapter 11 status, and ensuring that our customers will continue to receive the quality, service and value...
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