6 Suitors Emerge For Edwin Watts Golf Shops Ch. 11 Auction

Law360, Wilmington (December 3, 2013, 4:33 PM EST) -- Attorneys for private equity-owned Edwin Watts Golf Shops LLC, whose $45 million stalking horse deal fell apart two weeks ago, told a Delaware bankruptcy judge Tuesday that the debtor has since received a half dozen bids for a Chapter 11 auction, and secured an agreement to extend its funding timeline.

Edwin Watts attorney Domenic E. Pacitti of Klehr Harrison Harvey Branzburg LLP told U.S. Bankruptcy Judge Mary F. Walrath the news during a teleconference in Wilmington as the debtor was preparing to commence an auction to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.