UPI’s creditors committee considered a sale offer.
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The committee said it only discussed the offer made last week to buy the financially troubled news service and made no decision. The offer from an unnamed investor group would pay off up to $17.5 million of UPI’s debts. The sale will require approval of the creditors committee, with advice from management, and the approval of the U.S. bankruptcy judge overseeing UPI’s reorganization.
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