Sentences with phrase «minute potential bidder»
Although there was a last minute potential bidder for Brookstone, the specialty retailer who filed Chapter 11 bankruptcy protection on Thursday, the company has announced today it will be bought by Spencer's retail chain for $ 147 million.
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A.I.G. had hoped to shore itself up, in party by selling certain businesses, but potential bidders, including the private investment firms Kohlberg Kravis Roberts and TPG, withdrew at the last minute because the government refused to provide a financial guarantee for the purchase.