Daily News: February 10, 2012

NHB Advises Damon’s International in Asset Sale

NHB Advisors, Inc. (NHB) is the exclusive advisor for the sale of substantially all assets of the estate of Damon’s International, Inc. This sale is proceeding in conjunction with Damon’s Chapter 11 case currently before the U.S. Bankruptcy Court for the Western District of Pennsylvania.

In conjunction with this sale, NHB seeks competitive bids for the leasehold rights associated with the debtors’ operation located at 7051 Arundel Mills Boulevard in Hanover, MD.

The court has approved a sale of all debtors’ assets under section 363 of the Bankruptcy Code. In conjunction with this sale, the debtors have selected a stalking-horse bidder, which has bid $225,000 in cash for the Arundel Mills lease.