Meriturn to acquire Valentine.MERITURN TO ACQUIRE VALENTINE. Meriturn Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] , USA announced through an affiliate that it has entered an agreement to acquire LaSalle Bank's loan to Valentine Paper Inc. Valentine is operating as a debtor in possession debtor in possession n. in bankruptcy proceedings when a debtor has filed for the right to submit a plan for reorganization or refinancing under Chapter 11, and the debtor is allowed to continue to manage his/her/its business without an appointed trustee, that debtor since it filed for bankruptcy on June 6, 2005. Meriturn intends to increase the amount of the DIP facility so the company can operate and provide service to customers. Concurrent to Meriturn's note purchase, Dunn Paper, Inc., a portfolio company of Meriturn, announced it has signed an asset purchase agreement to buy substantially all of the assets of Valentine and has been named as the "Stalking Horse Stalking horse In bankruptcy proceedings, this refers to the company that first bids for the companies assets. " acquirer under the Section 363 bankruptcy sales process. |
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