WiredInUSA-December2015

the approval of the bankruptcy court judge, Laurie Selber Silverstein, who is presiding over the case. Potential buyers had until 5pm on 30 th November to make a bid of at least $8.1 million with a deposit of 10 percent. If more than one qualified bid is made an auction will be held, and Silverstein will hold a hearing to approve a buyer. Potential buyer for Wire Company

NYW Acquisition LLC, a Florida-based limited liability company, could acquire Wire Company Holdings, the owner of New York Wire, which filed for Chapter 11 bankruptcy reorganization on 8 th October.

The company would pay $8.1 million, or no less than $7.3 million after any adjustments.

A report in the Hanover Evening Sun said that NYW has filed an asset purchase agreement in Delaware. Wire Company Holdings, a maker of wire products for the automotive, electronics and communications industries, is said to list over $12.2 million in outstanding secured debt and in excess of $3.4 million in other obligations. Any sale of the company would require

wiredInUSA - December 2015

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