Bankruptcy court approves sale of Summit to management group

Bankruptcy court approves sale of Summit to management group    Summit Global Logistics Inc. said a U.S. Bankruptcy Court in Newark, N.J., on Wednesday approved the sale of the company's assets and certain of Summit's subsidiaries to TriDec Acquisition Co. Inc., a company formed by certain founders of Summit's operating companies and members of senior management.
   The logistics company filed for protection under Chapter 11 of the Federal Bankruptcy Code in January.