Will Another Bidder Seek Bankrupt Austin Co. Assets?
Is there a fast-moving buyer willing to pay at least $2.5 million for the Austin Co.s main assets?
Potential buyers have until Dec. 16th to submit bids for the main offices of The Austin Co., the Cleveland-based design-build firm that sought protection from its creditors in October. AECOM Technology Corp. has arranged to buy the assets for about $2.5 million, but the bankruptcy code says other offers must be invited and if an offer is competitive the potential buyers square off in an auction.