Contact Us

Endicott Interconnect Assets Go to Auction

Bob Joseph/WNBF News

A current shareholder of Endicott Interconnect Technologies will not be getting preferential treatment in the bidding for the Endicott company’s assets.

During the bankruptcy proceedings in Utica, a federal judge opened the bidding process to more suitors after some issues with the case had been resolved.  One of those issues was the ‘Stalking Horse’ bid by the group owned by James Matthews whose family owns a controlling interest in EIT.

The Stalking Horse bid by Integrian Holdings, LLC would have turned the majority of EIT assets to the Mathews family for $250,00 as the preferred bidder selected by the company.

Attorneys involved in the bankruptcy proceedings said there had been a great deal of interest in the company from outside potential investors, so Integrian had agreed to withdraw from its bidding position.

Integrain is still expected, however, to participate in the bidding process.

 

More from WNBF

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wnbf.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on WNBF News Radio 1290 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on WNBF News Radio 1290 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!