Point Blank Names Stalking Horse
August 30, 2011- Share:
The Gores Group has been named the stalking horse bidder in the bankruptcy auction for Point Blank Solutions (OTCBB: PBSO). The PE firm has agreed to buy the company's operating assets. Point Blank manufactures and markets protective technologies, such as bullet, fragmentation and stab resistant apparel as well as related ballistic accessories. The company filed for Chapter 11 bankruptcy protection in April 2010.
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