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Dura cancels auction for mobile products division; Atwood Acquisitions sole bidder
By Caroline Salls
Pittsburgh, Aug. 10 - Dura Automotive Systems, Inc. canceled the auction for its Atwood Mobile Products division because Atwood Acquisitions Co., LLC's $160.2 million stalking horse bid was the only offer received, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.
The sale hearing is scheduled for Aug. 15.
Dura, a Rochester Hills, Mich.-based automotive parts maker, filed for bankruptcy on Oct. 30, 2006. Its Chapter 11 case number is 06-11202.
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