Next Monday at a law office in Wilmington, Del., vitamin maker Natrol Inc. will auction itself off. ICV Partners is offering approximately $90 million for Natrol, but other bidders can top that at the auction.
The California company filed for Chapter 11 bankruptcy protection in June, due to a dispute with lender Cerberus Business Finance LLC. The buyout firm had criticized the company’s management. Natrol lawyers said they “strongly disputed” the lender’s claims of mismanagement.
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