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[riskon]

Spin Master, Ltd. approved as Stalking Horse Bidder for IP and Related Assets of Marbles: The Brain Store®; Hilco Streambank to Oversee Auction

NEW YORK, April 10, 2017 /PRNewswire/ -- The stalking horse bid of Spin Master, Ltd., to acquire the e-commerce and wholesale business assets of Marbles: The Brain Store® was approved by the United States Bankruptcy Court for the Northern District of Illinois. The stalking horse offer is $2,500,000, and is subject to higher and better offers, with a Bid Deadline set for Thursday, April 20, 2017 at 5:00 PM CT. Hilco Streambank (www.hilcostreambank.com), is managing the sale process and will be overseeing an auction to consider additional bids for the Assets in Chicago, Illinois, on April 24, 2017 at 10:00 am CT.

http://www.prnewswire.com/news-releases/spin-master-ltd-approved-as-stalking-horse-bidder-for-ip-and-related-assets-of-marbles-the-brain-store-hilco-streambank-to-oversee-auction-300436778.html