Winning bid for Max & Erma's hits $28M

Chain assets purchased by Village Inn, Bakers Square parent company

A federal judge approved Wednesday the sale of the bankrupt Max & Erma’s casual-dining chain to the parent of the Village Inn and Bakers Square family-dining restaurant brands for $28 million.

The winning bankruptcy auction bid from Denver-based Newport Fidelity Holdings LLC included essentially all assets of Max & Erma’s Restaurants Inc., which filed for Chapter 11 bankruptcy protection last October. Those assets included leases for at least 51 corporate restaurant

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