Court OKs sale of remaining Charlie Brown's units

All Charlie Brown’s locations sold to CB Restaurants are expected to remain open

The U.S. Bankruptcy Court has approved the sale of 20 Charlie Brown’s Steakhouse restaurants by bankrupt CB Holding Corp. to an affiliate of Praesidian Capital Opportunity Fund II-A LP, but at a higher price than originally proposed by Praesidian.

Officials of Mountainside, N.J.-based CB Holding Corp. said the bankruptcy court for District of Delaware approved the sale to Praesidian affiliate CB Restaurants Inc. following an April 6 auction at which CB Restaurants was the highest

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish