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Our Alchemy trustee announces $3.25 million winning bid for assets
By Caroline Salls
Pittsburgh, Sept. 11 – Our Alchemy, LLC Chapter 7 trustee George L. Miller announced Monday that OA Acquisitions LLC was the high bidder for some of the company’s assets with a $3.25 million final offer, according to a notice filed with the U.S. Bankruptcy Court for the District of Delaware.
As previously reported, OA Acquisitions was the stalking horse bidder, with an original proposed purchase price of $1.2 million.
The assets being sold consist primarily of the Our Alchemy estates’ rights related to a library of film and video titles and other intellectual property.
Shout! Factory, LLC was the second-highest bidder, with a $3.08 million bid.
The sale hearing is scheduled for Sept. 17.
Our Alchemy is an independent film distribution company. The company filed for bankruptcy on July 1, 2016 under Chapter 7 case number 16-11596.
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