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July 10, 2015By Michael Cader

Court to Decide If Revised Family Christian Buyout Goes to Creditor Vote

July 10, 2015By Michael Cader

The bankruptcy court is set to hold a hearing today on a new set of proposals from Family Christian Stores to put a revised buyout offer from FCS Acquisition to a vote among the creditors. Their previous bid of $43 million has been increased to a range of between $52.4 million and $55.7 million, according to Family Christian’s lawyers. Sources told Michigan Live that the liquidation companies that participated in the auction — since voided by the court — are no longer participating (and who could blame them, since Family Christian has been working hard since the outset to ensure the […]

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Filed Under: Finance, Legal

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