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Published on 9/11/2018 in the Prospect News Distressed Debt Daily.

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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