Milacron Seeks Approval To Sell Assets For $175M

Law360, New York (May 5, 2009, 12:00 AM EDT) -- Milacron Inc., a supplier of plastics-processing technologies and industrial fluids, has asked a bankruptcy judge to approve the sale of substantially all of its assets for around $175 million to a company formed by several senior secured noteholders.

Milacron filed the motion seeking approval of the deal and bidding procedures in the U.S. Bankruptcy Court for the Southern District of Ohio on Monday, the same day it reached a definitive deal with MI 363 Bid LLC, the company formed by a conglomerate of senior secured noteholders....
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