Cenveo Consolidates, Pursues NEC
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According to Bloomberg.com, court documents filed by NEC state that it signed a letter of intent to be acquired by private equity firm Gores Group. Cenveo's attorney has charged that the deal includes a "no-shop" agreement that prohibits discussions with other potential buyers.
Cenveo wants bankruptcy judge Peter Walsh to "open up the sale process and stalking horse bidding to other potential investors to maximize recoveries for creditors."
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