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Easy Gardener's Potential Buyers Vie For Position

Law360 (May 2, 2006, 12:00 AM EDT) -- Two potential buyers are jockeying for position in hopes of acquiring the assets of bankrupt lawn and garden care product manufacturer Easy Gardener Products Ltd., and one is offering the debtor’s estate almost $2 million in “savings.”

An objection filed Friday on behalf of EG Broad Street Partners LLC takes issue with a proposed $2 million fee that the debtors would pay to presumptive buyer Green Thumb Acquisitions. That figure includes a $1.85 million dollar “break-up fee” as well as $150,000 for “expense reimbursement.” EG Broad...
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