LexisNexis Says TLO Auction Cutoff Thwarted $180M Bid

Law360, New York (November 26, 2013, 2:30 PM EST) -- A LexisNexis Group unit was prepared to offer $180 million for the assets of bankrupt Florida-based data solutions provider TLO LLC before bidding was shut down by the debtor, according to a transcript of the auction filed Thursday.

The 20-hour auction ended at 6:15 a.m. Thursday with the selection of TransUnion Acquisition Corp.'s $154 million bid as the winning bidder over a $120 million bid by LexisNexis Risk Solutions FL Inc. and a $135 million bid from WPTLO Acquisition Corp., an affiliate of private equity firm...
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