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AEP Industries Inc.
Court Enters Order Approving AEP Industries Inc.'s Acquisition of Plastic Films Segment of Atlantis Plastics, Inc.
October 24th, 2008
AEP Industries Inc. (Nasdaq: AEPI, the "Company" or "AEP") announced that the United States Bankruptcy Court for the Northern District of Georgia-Atlanta Division entered an order approving the previously announced acquisition of substantially all of the assets of the Plastic Films segment of Atlantis Plastics, Inc. by AEP. Atlantis did not receive any "higher or better" offers from a qualified bidder and therefore there was no Court sponsored auction for the Plastic Films segment. AEP's purchase price remains $87.0 million in cash, subject to a net working capital adjustment, plus the assumption of certain liabilities. The transaction is expected to close on or before October 30, 2008,...
Source: Health Business Week (2008-10-24)
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