date:Jul 25, 2013
ackman Capital was one of approximately 400 parties that submitted bids for the assets between May and June. 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.
Given the significant environmental concerns raised by potential purchasers, the debtors believe that the buyers willingness