Opus South taking bids for substantially all assets until June 25; auction scheduled for June 30

By Caroline Salls

Pittsburgh, May 21 - Opus South Corp. received court approval of the bid procedures for the sale of substantially all of its assets, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company is accepting bids for all of its assets together or for any package of assets.

Each of Opus' secured lenders will be deemed a qualified bidder for the assets.

Bids are due by 5 p.m. ET on June 25.

The auction will be held on June 30, and the sale hearing is scheduled for July 2.

The company said the sale must close by July 9.

Opus, an Atlanta-based design-build development firm, filed for bankruptcy on April 22. Its Chapter 11 case number is 09-11390.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.