Finden-Crofts's MBO Bid For Derby Accepted

LAS VEGAS, USA (October 1)- The bondholders of Derby Cycle Corporation accepted Alan Finden-Crofts' MBO bid for the company that filed Chapter 11 last month. Alan Finden-Crofts and his partners within the MBO vehicle called Cycle Bid Co. remained as the last bidder and will soon become the new owners of the Derby Cycle Corporation.

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