Fisker Sale Hearing Delayed As New Suitor Emerges

Law360, Wilmington (January 2, 2014, 8:04 PM EST) -- A Delaware bankruptcy judge on Thursday agreed to delay a hearing on the proposed sale of electric car maker Fisker Automotive Holdings Inc. so parties could evaluate an eleventh hour, $25.7 million offer from Chinese auto giant Wanxiang Group Corp.

Fisker's planned private sale to Hybrid Tech Holdings LLC and the debtor's corresponding Chapter 11 liquidation plan were slated to be heard Jan. 3, but the official committee of unsecured creditors presented a competing offer Dec. 30 that would establish Wanxiang as a stalking horse bidder...
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