Bankrupt Edwin Watts Golf Gets Nod For $40M Asset Sale

Law360, Wilmington (December 5, 2013, 7:50 PM EST) -- A Delaware bankruptcy judge on Thursday blessed the $40 million sale of private equity-owned Edwin Watts Golf Shops LLC to a joint venture composed of an industry competitor and a liquidator, the same twosome that bowed out as a stalking horse bidder two weeks earlier.

Edwin Watts Golf tapped the partnership of GWNE Inc. and liquidator Hilco Merchant Resources LLC as the the winning bidder Wednesday morning following an all-night auction, and U.S. Bankruptcy Judge Mary F. Walrath signed off on the result Thursday at a...
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