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True Value Hammers Out Deal To Fund Ch. 11, Speed Up Sale

By Ben Zigterman ( October 31, 2024, 6:16 PM EDT) -- After days of negotiating, bankrupt hardware store supplier True Value Thursday reached a deal with its lenders to avoid liquidation, fund its reorganization and move up a Chapter 11 sale, with member-owned hardware brand Do It Best Corp. lined up as a stalking-horse bidder....

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