date:Aug 29, 2013
ly 400 parties as the stalking-horse bidder for the assets at the Aug. 16 auction. Although the highest and best bids from parties other than Hackman, when combined, totaled approximately $60.2 million in aggregate consideration, Hackmans bid of $58.3 million in cash with no due diligence was considered the best bid, according to court documents. Hackman subsequently raised its bid to $62.5 million for the assets.