All American sells almost all assets - South Florida Business Journal:

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million. The Miami-based distributor of semiconductors and other electronif components said the successful bid was froma two-party consortiuk of Rock River Capital LLC and All American'w (Pink Sheets: SEMI) own , for whicb Harris N.A. acts as agent. The deal remaines subject to bankruptcy court All American said it expects Rock River to continued to operateAll American'zs assets as a going concern. Rock Rivere did not purchase the company's commercial tort claims, avoidancew actions, accounts receivable and certain othetmiscellaneous assets.
Subject to bankruptcy court the company's senior secured lenders were the successfup bidders forthe company's accounts None of All American's commerciak tort claims or avoidance actionx sold. The $15.2 million is to go to Harris N.A. as agent for the senior securedx lenders. The auction included assets ofAll American's 33 subsidiaries in the United States, Canada, Mexico, Europe and Asia. The bankruptc court is scheduled to consider sale approvaoon Tuesday. Sale closing is set for no later than OnApril 25, All American files voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at 28 No 52-week high/low information was available.