NYT > DealBook
Carlyle Group’s $4.9 billion buyout of Manor Care, the largest nursing-home chain in the United States, cleared a hurdle in West Virginia, where regulators on Thursday lifted a suspension of their approval, but hit a snag in Michigan, where a court issued a temporary restraining order seeking to halt the deal. Carlyle, the Washington-based private [...]
Kansas.com: Business
Preparations are under way to liquidate assets and sell real estate Todd Fox's failed collision repair chain moved a step closer to a bankruptcy filing this week. Wichita auctioneer Bud Palmer said he's been hired by bankruptcy attorney Ed Nazar to liquidate 17 of the company's 18 body shops across the Midwest. Nazar said Thursday he and Palmer are representing Fox Collision Center Inc., an Oklahoma corporation, and Fox Real Estate LLC, an Oklahoma limited liability corporation. The liquidations Palmer referenced won't take place, Nazar said, until a bankruptcy filing, the approval of Palmer's hiring by the court and approval by either the court or Fox's lender, Milwaukee-based Marshall & Ilsley Bank. Appraisal work on the shops was scheduled to begin Wednesday, Palmer said.