TLO Assets Sell For $154M At Bankruptcy Auction

Law360, Miami (November 22, 2013, 11:06 AM EST) -- Bankrupt Florida-based data solutions provider TLO LLC on Thursday asked for court approval of the sale of its assets to TransUnion Acquisition Corp. for $154 million, which the debtor says will allow creditors to be paid in full.

After a 20-hour auction, TransUnion — which had put in a $105 million stalking horse bid — emerged as the winning bidder for TLO's assets, besting competing bidders LexisNexis Risk Solutions FL Inc. and WPTLO Acquisition Corp.

"The approval of the TransUnion final bid ... is in the...
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