Albertsons Owner Cleared to Bid on Haggen Chain After Antitrust Revi...

Cerberus Capital Management , which leads a group of investors that own the West Coast’s Albertsons grocery chain, has received antitrust clearance to bid on the profitable core of the Haggen grocery chain, which is going on the bankruptcy auction block next week, The Wall Street Journal reports via The Daily Bankruptcy Review.

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Six Japanese shipowners are vowing to continue their fight against Norway’s bankrupt Bulk Invest ASA and the sale of its profitable charter business to the bulk shipping carrier’s chairman, WSJ reports.

California’s Metropolitan Automotive Warehouse Inc., which lost money after expanding its online-auto-parts business, is preparing to be taken over by a New York competitor that offered to purchase its auto-parts-selling operations for $24 million, DBR reports.

The former chief executive officer of New York-based Synergy Brands, Inc., a publicly held food products company, will spend over five years in prison his role in defrauding a bank out of $26 million, the Associated Press reports. After the scheme collapsed, Synergy was taken into bankruptcy.

Publisher Houghton Mifflin Harcourt Co. named one of its past investment bankers as chief financial officer Thursday, as the company prepares to take another step in its post-bankruptcy growth, WSJ reports.

Federal regulators who are pushing ex-billionaire Samuel Wyly to pay a big tax bill accused him of trying to keep his $12 million Texas mansion while his debts go unpaid, Bloomberg reports.

The condominium owners association for Baltimore’s HarborView Towers, a 249-unit tower that rises 30 stories above the harbor in Federal Hill, has filed for bankruptcy during its long-running dispute over water leaks and mold problems, the Baltimore Sun reports.

Write to Katy Stech at [email protected]