The U.S. Bankruptcy Court has approved the sale of 20 Charlie Brown’s Steakhouse restaurants by bankrupt CB Holding Corp. to an affiliate of Praesidian Capital Opportunity Fund II-A LP, but at a higher price than originally proposed by Praesidian. Officials of Mountainside, N.J.-based CB Holding Corp. said the bankruptcy court for District of Delaware approved the sale to Praesidian affiliate CB Restaurants Inc. following an April 6 auction at which CB Restaurants was the highest ...
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