Pharma Investments, Ventures & Law Weekly
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Chesapeake Corporation
Chesapeake Corporation Announces Intent to Proceed With Sale to Investor Group
April 5th, 2009
Chesapeake Corporation (BULLETIN BOARD: CSKEQ) announced that it has received no qualifying bids to compete with the previously announced offer to acquire all of its operating businesses submitted by a group of investors, including affiliates of Irving Place Capital Management, L.P. and Oaktree Capital Management, L.P. The deadline for submitting qualifying bids under the bid procedures order entered by the U.S. Bankruptcy Court for the Eastern District of Virginia in Richmond passed as of noon (Eastern Time) today with no other qualifying bids submitted. As a result, the company has declared the investor group the successful bidder and the auction previously scheduled...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-05)
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