In re Chateaugay Corp. v. LTV Corp.
Jan 01, 1992OUTCOME: On April 21, 1992, Accordingly, on April 21, the bankruptcy court entered orders, pursuant to 11 U.S.C. § 363(b), authorizing and approving the transfer of the aircraft division assets to Carlyle and the missiles division assets to Thomson.
On April 10, 1992, the bankruptcy court of the Southern District of New York approved a $150 million part-cash, part-securities bid by Carlyle Group for the aircraft division assets and a $300 million ... all-cash bid by an affiliate of Thomson-CSF, S.A. for the missile division assets of the LTV Corp, which along with 66 of its subsidiary and affiliated companies had filed voluntary petitions in 1986 for relief under the Bankruptcy Code's Chapter 11.
