📈 Business
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Bloomberg
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Bankrupt First Brands sells 12 brands including Autolite for $25 million
Bankrupt auto-parts maker First Brands Group agreed to sell 12 of its most recognizable brands, including Autolite, for $25 million. The company lost both its rescue funding and major customers. The sale comes as part of ongoing bankruptcy proceedings.
Bankrupt auto-parts maker First Brands Group agreed to sell some of its most-recognizable brands for $25 million after losing rescue funding and major customers.