Edison Price Acquisition Jumps from $1.3M to $4.15M

October 16, 2020 [addtoany]

“It seemed they came out of nowhere,” said a source at GE Current, a Daintree Company.  According to the docket filed yesterday, on October 14, 2020, representatives of Elite Lighting appeared and notified the Court that it desired to the Assets of Edison Price, and the Court reopened bidding and ordered that a further auction take place (the “Continued Auction”).

The docket states that the back up bidder was $1,400,000 and we believe that back up bidder was GE Current.

Closing to take place not later than 29 OCT 2020.