Quantegy Will Continue With New Owners - Breaking News 26 ..

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Yeah baby!

JP

<recordingstudio1@aol.com> a écrit dans le message de
news:1111827296.773637.278250@g14g2000cwa.googlegroups.com...
> Discount Tape has been cleared to buy bankrupt Quantegy for $5.85
> million after U.S. Bankruptcy Court Judge Dwight H. Williams Jr.
> approved a motion for the sale.
>
> President Peter Hutt and Vice President Frank Foster of Peachtree City,
> Ga.-based Discount Tape, both former Ampex-Quantegy employees, are
> buying the company that once laid them off.
>
> Hutt said he was looking forward to commencing operations in Opelika
> and will retain the Quantegy name.
>
> "We want to retain everything great about the company, including the
> name and the people," he said. "We plan to do great things. I certainly
> didn't think at the time I was working there that I'd be in this
> position to buy the company."
>
> Williams agreed to Quantegy attorney Cameron Metcalf's request to set a
> closing sale hearing by April 15 so the asset purchase agreement can be
> signed and a wire transfer of money can take place.
>
> Quantegy, a recording tape media company that had been operating in
> Opelika since 1995, filed bankruptcy in January after closing its doors
> Dec. 31, 2004 and laying off about 190 employees.
>