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Chesapeake Gets Go-Ahead For Sale To PE Firms

By Christie Smythe (March 24, 2009, 12:00 AM EDT) -- A bankruptcy judge has approved the sale of virtually all the assets of packaging company Chesapeake Corp. to affiliates of private equity firms Irving Place Capital Management LP and Oaktree Capital Management LP, despite unsecured creditors' complaints that they received "zero" consideration in the deal....

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