Niner to be sold this month

by Stephen Frothingham, at Bicycle Retailer


DENVER (BRAIN) — If all goes to plan, a Colorado investor group will acquire Niner, Inc.’s assets and bring the company out of bankruptcy before the end of the month.

But first, other potential buyers will be given a chance to bid for the company at an auction next Thursday.

The auction will be held only if additional qualified bidders appear by next Wednesday, the deadline for bid submissions. If no bidders turn up, the investor group’s “stalking horse” purchase agreement will be accepted and the deal will be closed on Jan. 17.



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