MSD files for bankruptcy

Keith 944 · 11-21-2013, 09:59 AM

settlement reached:
Law360, Wilmington (November 20, 2013, 10:30 PM ET) -- Bankrupt auto parts maker MSD Performance Inc. announced Tuesday that it would sell itself as a going concern to Z Capital Partners LLC, having accepted the private equity firm's $78 million offer.

The Texas-based parts maker, which had been aiming to sell itself through a Section 363 auction, tapped Z Capital as the winning bidder after the firm was the only party to submit a qualified offer by Monday's bid deadline, according to a notice filed in Delaware bankruptcy court.

11-21-2013, 09:59 AM	#14
Keith 944 VIP Member Join Date: Feb 2006 Location: Dela-where? Posts: 2,195 Likes: 1,162 Liked 1,885 Times in 578 Posts	Re: MSD files for bankruptcy settlement reached: Law360, Wilmington (November 20, 2013, 10:30 PM ET) -- Bankrupt auto parts maker MSD Performance Inc. announced Tuesday that it would sell itself as a going concern to Z Capital Partners LLC, having accepted the private equity firm's $78 million offer. The Texas-based parts maker, which had been aiming to sell itself through a Section 363 auction, tapped Z Capital as the winning bidder after the firm was the only party to submit a qualified offer by Monday's bid deadline, according to a notice filed in Delaware bankruptcy court. __________________ KEITH MAYERS 2-1/2 X somebody Still many X nobody

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