1. First Brands Group Sells Autolite, 11 Other Brands for $25M After Rescue Funding Collapses
First Brands Group, the bankrupt auto-parts manufacturer, is offloading a dozen of its most recognizable brands for just $25 million. This fire-sale price follows the abrupt collapse of its rescue financing and the loss of major customers, signaling a rapid disintegration of the company's core assets. The agreement co...