Judge OK's Taylor Corp.'s Purchase of Standard Register
A Delaware bankruptcy judge has approved Taylor Corp.'s purchase of Standard Register and its assets. According to the Dayton Daily News, the sale still needs approval from Standard Register's outstanding creditors, which is the final approval needed to make the sale official. However, since Taylor Corp.'s bid is $2 million higher than the only other bid for the company, which the creditors' committee also approved, it is plausible to assume that they will accept this bid as well.
Taylor Corp. already owns several other major print and promotional product companies, included ADG Promotional Products, Navitor and Label Works, and Amsterdam Printing. Its winning bid for Standard Register was reportedly around $307 million.
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