Envelope Maker Wins Bankruptcy Court Approval
Posted on Sep 26, 2010 9:30pm PDT
National Envelope Corp. has won court approval to sell almost all of its assets for around $208 million to an affiliate of the private-equity firm Gores Group LLC. The company originally held an auction for 15 hours in order to sell the business. The sale has not closed yet, but is expected to do so by September 7th.
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