Cadence Innovation LLC signs a letter of intent to acquire the North American plastics operations of Collins & Aikman Corp., which is liquidating its assets under Chapter 11 protection. The companies are working towards a definitive purchase agreement, with the specifics of the bid to be made available when C&A files its sales motion with the U.S. Bankruptcy Court. Any offer will be subject to overbid through a court-monitored auction process, C&A says. Included in the sale are ...
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