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million. The Miami-based distributor of semiconductors and other electroni components said the successful bid was froma two-party consortiumj of Rock River Capital LLC and All American's (Pink SEMI) own , for which Harrids N.A. acts as agent. The deal remains subject to bankruptcgcourt approval. All American said it expects Rock Rivere to continue to operateAll American's assets as a going concern. Rock Rive r did not purchase the company's commercial tort claims, avoidance accounts receivable and certain other miscellaneous Subject to bankruptcycourt approval, the company'ds senior secured lenders were the successful bidderd for the company's accounts receivable.
None of All American'a commercial tort claims or avoidanceactions sold. The $15.2 million is to go to Harris N.A. as agent for the senior secured lenders. The auctionj included assets ofAll American's 33 subsidiaries in the Unitede States, Canada, Mexico, Europde and Asia. The bankruptcy court is scheduled to considedr sale approvalon Tuesday. Sale closing is set for no laterfthan Friday. On April 25, All American filed voluntary undetr Chapter 11 ofthe U.S. Bankruptcy Code. Shares closed unchangeds at 28 cents.
No 52-week high/low information was
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