Bankrupt Coupon Company Draws Bid From Founders' Son

Law360, Wilmington (March 22, 2013, 8:02 PM EDT) -- Private equity-owned Entertainment Publications LLC received a last-minute reprieve from liquidation Thursday as its Chapter 7 trustee said he had received an $11 million going-concern offer for the venerable coupon-book publisher from the son of its original owners.

Trustee Charles M. Forman said HSP-EPI Acquisition LLC signed an asset purchase agreement to buy Entertainment Publications and asked for temporary permission to operate the company while he conducts an expedited stalking-horse auction for the 50-year-old firm, according to a series of motions filed in Delaware bankruptcy court....
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