Judge Overrules Objections To $154M TLO Bankruptcy Sale

Law360, Miami (December 13, 2013, 8:00 PM EST) -- A Florida bankruptcy judge on Friday approved the $154 million sale of data solutions company TLO LLC to TransUnion Acquisition Corp. despite objections from competing bidders including a Warburg Pincus LLC unit.

U.S. Bankruptcy Judge Paul G. Hyman signed off on the sale and overruled objections from a LexisNexis Group and WPTLO Acquisition Corp., an affiliate of private equity firm Warburg Pincus, both of whom said that the debtor abruptly shut down bidding prematurely.

TransUnion, which had put in a $105 million stalking horse bid, won...
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