Bidder For Eclipse Assets Makes Play
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Fred George fgeorge@san.rr.com
Eclipse Aerospace, Inc, a firm founded by Eclipse 500 owners Mason Holland and Mike Press, has filed a $40-million "stalking horse bid" for the assets of insolvent Eclipse Aviation Corporation. The proposed asset purchase agreement offers $20 million in cash and $20 million in new notes as a starting bid in an August 2009 asset auction, according to documents filed in the U.S. Bankruptcy Court for the District of Delaware....
Bidder For Eclipse Assets Makes Play
