Bankrupt Celadon Group Inc. has received a $14.5 million bid from White Willow Holdings to acquire its North Carolina-based subsidiary Taylor Express Inc.
White Willow of Newfields, New Hampshire, is backed by Luminus Management LLC, a New York investment firm that tried to help Celadon financially.
Luminus acquired nearly 50% of Celadon in August 2019 after injecting $165 million to help the struggling carrier refinance its debt as part of a …
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Source: The Loadstar