Market briefs.(Business)

0 Comments | Daily Herald (Arlington Heights, IL), February, 2007

Enesco sale ruling delayed CHICAGO - Itasca-based Enesco Group Inc., a producer of giftware and collectibles that filed for Chapter 11 bankruptcy protection in January, was told in court Wednesday that it must wait until next week to finalize its asset-sale agreement with a private buyout fund, Tinicum Partners II LLC, because of a last-minute change in counsel for a creditors' committee.

Judge A. Benjamin Goldgar of U.S. Bankruptcy Court in Chicago said that he would accept the agreement if no amendments were made. Approval from the court would finalize the deal between Enesco and Tinicum, signed Jan. 8, in which the private investment partnership agreed to acquire all of Enesco's assets and assume certain of its unsecured liabilities. Enesco lost $54 million...