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.
Bankruptcy court approves sale of Summit to management group
