Titan bids for Denman

摘要

YOUNGSTOWN, Ohio-Titan Tire Corp. has bid $ 1.47 million to take over the remaining assets of bankrupt tire maker Denman Tire L.L.C., including idled equipment and some stocks but excluding the real estate. Titan's bid, submitted to the bankruptcy court June 10, tops a bid of $1.2 million submitted earlier by Cleveland-based rubber machinery broker Soberay & Sons Ltd., which had been designated the "stalking horse" bidder by the bankruptcy trustee.