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The lawsuit would set aside the debt from the acquisition, moving unsecured creditors higher on the priority list to get money when the bankruptcy is settled, according to the Dayton Business Journal.
Bids were due last Thursday, and the auction was held yesterday, with the new owner being announced tomorrow, Standard Register announced.
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Amanda L. Cole
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Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.
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