Bidding Procedure Approved for F+W Media, Inc.
Apr 15 19
The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of certain assets of F+W Media, Inc. on April 15, 2019.The debtor's assets include assets related the F+W books line. To qualify as a qualified bidder, interested parties should submit their bids byMay 16, 2019 along with good-faith deposit in the amount of 7.5% of the purchase price. The debtor has scheduled an auction on May 20, 2019. Thestalking horse bidder would be entitled to a break-up fee and expense reimbursement in case of termination of the asset purchase agreement. The salehearing is scheduled for May 22, 2019.

To read the complete article, see:
Company Overview of F+W Media, Inc.(https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=96960)

To read a March 12, 2019 Publisher's Weekly article, see:
F+WMedia Files Chapter 11, Will Sell Assets(https://www.publishersweekly.com/pw/by-topic/industry-news/financial-reporting/article/79497-f-w-media-files-chapter-11-will-sell-assets.html)