All American sells almost all assets - South Florida Business Journal:

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million. The Miami-based distributor of semiconductors and other electronic components said the successful bid was froma two-party consortium of Rock River Capital LLC and All American'sa (Pink Sheets: SEMI) own , for whicuh Harris N.A. acts as agent. The deal remains subject to bankruptcy court approval. All American said it expectzs Rock River to continue to operatrAll American's assets as a going concern. Rock Rivetr did not purchase the company'ss commercial tort claims, avoidance actions, accountas receivable and certain othermiscellaneoux assets.
Subject to bankruptcy court approval, the company's seniort secured lenders were the successfuk bidders forthe company's accountxs receivable. None of All American's commercial tort claims or avoidancractions sold. The $15.w million is to go to Harri s N.A. as agent for the seniot secured lenders. The auction included assetws ofAll American's 33 subsidiariesd in the United States, Canada, Mexico, Europe and Asia. The bankruptcg court is scheduled to considet sale approvalon Tuesday. Sale closing is set for no later than OnApril 25, All Americam filed voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at28 cents.
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