Documents Reveal Taylor Corp. as Top Bidder for Standard Register
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The total amount of the bid was not released, but Taylor agreed to bid $2 million more than the top bidder—and the only other bidder—Silver Point Capital, according to court documents. Silver Point was originally selected as the winning bidder at 11:15 p.m. Monday at the conclusion of the bankruptcy auction after Taylor declined to submit another offer, court documents indicated. However, Taylor increased its bid after post-auction discussions with Silver Point, who agreed Taylor should be the winning bidder.
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Amanda L. Cole
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Amanda L. Cole is the editor-in-chief of NonProfit PRO. She was formerly editor-in-chief of special projects for NonProfit PRO's sister publication, Promo Marketing. Contact her at acole@napco.com.
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