Credit ratings agency TransUnion comes up the winner in a $154 million bankruptcy auction for Boca Raton-based data mining company TLO LLC, founded by the late industry pioneer Hank Asher.
November 22, 2013 at 09:00 PM
1 minute read
A federal bankruptcy judge in West Palm Beach on Friday approved a Chapter 11 plan to sell TLO LLC, a Boca Raton data mining company, to Chicago-based TransUnion Holding Inc., a credit ratings industry leader, for $154 million.
TransUnion received approval from U.S. Bankruptcy Judge Paul Hyman in October to serve as the stalking-horse bidder with a base price of $90 million. An estimated 11 other companies were expected to bid in the TLO auction for TLO by the Nov. 15 deadline.
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