Ex-Lexis CEO, Warburg Plan To Bid On Bankrupt TLO's Assets

Law360, Miami (November 18, 2013, 5:58 PM EST) -- A former LexisNexis Group CEO, along with private equity firm Warburg Pincus LLC, on Friday objected to the upcoming asset sale of bankrupt Florida-based data solutions provider TLO LLC, saying that as a competing bidder they need more information about a $105 million stalking horse bid.

In a filing in the U.S. Bankruptcy Court for the Southern District of Florida, former LexisNexis CEO Andrew Prozes and the private equity firm said they plan to submit a qualified bid for TLO's assets, but said that the confidentiality...
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