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All American Semiconductor Conducts Auction Resulting in Successful Bidders to Acquire Substantially All of its Assets as a Going Concern Business.

Publication: PR Newswire
Publication Date: 04-JUN-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Court Approval of Sale Scheduled for a June 5, 2007 Hearing

MIAMI, June 4 /PRNewswire-FirstCall/ -- All American Semiconductor, Inc. (Pink Sheets: SEMI.PK), a distributor of semiconductors and other electronic components, announced today the successful auction of substantially all of its assets.

The successful bid was made by a two-party consortium of Rock River Capital LLC and the Company's senior secured lenders for which Harris N.A. acts as agent. Subject to Bankruptcy Court approval, Rock River Capital was the successful bidder for substantially all of the Company's operating assets and is expected to...

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