CANNONDALE AUCTION SET FOR MAR. 20.
The minimum third-party bid for all assets of the companyis $60.8 million, according to the attorney for the unsecured creditors’committee. The bidding deadline is Mar. 17, followed by a Mar. 28 bankruptcycourt hearing to approve any sale. Stalking horse Pegasus Partners II, L.P. isoffering approximately $52.7 million for ... Log in to view full article.
