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Bomb Detector Maker Files Ch. 11 With Sale Plans In Hand

By Vince Sullivan (October 11, 2016, 3:59 PM EDT) -- A Massachusetts company that makes explosives detecting devices used in airports and by law enforcement hit Chapter 11 on Monday, saying it can't keep up with payments on its $84 million of secured note issuances and that it has a stalking horse bidder ready to pay cash for the business....

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