UPFRONT

Presstek Bids for A.B.Dick

NILES, IL—A.B.Dick Co. announced it had filed for Chapter 11 bankruptcy protection. Soon after the announcement, Hudson, NH-based Presstek Inc. unveiled a detailed plan to acquire the business and assets of the company through a U.S. Bankruptcy Code section 363 asset sale, a deal valued at approximately $40 million. Presstek President and CEO Edward Marino stressed that there was no guarantee his company would be successful in the open bidding environment of a bankruptcy proceeding.