PTC Alliance opts for stalking horse amid objections
Dec 21, 2009 | 12:07 PM
| Maria Guzzo
PTC Alliance Corp.'s stalking horse bidder has submitted the best bid at an auction of the company's assets, but the sale hearing will continue on Jan. 4 to resolve objections surrounding the bid, it said late Monday.
Wexford, Pa.-based PTC Alliance said funds managed by Black Diamond Capital Management LLC, through special purpose vehicle BD PT Acquisition Inc., submitted the highest, best or otherwise financially superior offers for both the purchase of substantially all of the company's assets in the United States and for the stock of PTC Alliance's non-debtor German subsidiary, Wiederholt GmbH.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.