Our Alchemy trustee granted court approval of $3.25 million asset sale

By Caroline Salls

Pittsburgh, Sept. 17 – Our Alchemy, LLC Chapter 7 trustee George L. Miller obtained court approval of the $3.25 million sale of some of the company’s assets to OA Acquisitions LLC, according to an order filed Monday 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.

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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