|
|
Article: TRANS-LUX ANNOUNCES PURCHASE OF OUTDOOR SIGN PORTFOLIO
- Article from:
- PR Newswire
- Article date:
- August 26, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
TRANS-LUX ANNOUNCES PURCHASE OF OUTDOOR SIGN PORTFOLIO
NORWALK, Conn., Aug. 26 /PRNewswire/ -- Trans-Lux Consulting Corporation ("TLCC"), a subsidiary of Trans-Lux Corporation, purchased from American Electronic Displays, L.P. ("AED") a portfolio of outdoor electric and electronic display equipment which are leased to third parties. AED is a Delaware limited partnership, which had filed for protection under Chapter 11 of the Bankruptcy Code. The asset purchase agreement carried a total cost of $17,475,000. The purchase was approved by order of the United States Bankruptcy Court. Pursuant to a management agreement approved March 28, 1991 by order of the Bankruptcy ...