All American sells almost all assets - South Florida Business Journal:

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million. The Miami-based distributor of semiconductors and otherf electronic components said the successful bid was froma two-partyg consortium of Rock River Capital LLC and All American'ds (Pink Sheets: SEMI) own , for whicg Harris N.A. acts as agent. The deal remainxs subject to bankruptcycourtt approval. All American said it expects Rock Rived to continue to operateAll American's assets as a goinh concern. Rock River did not purchase the company's commerciall tort claims, avoidance actions, accounts receivable and certainn othermiscellaneous assets.
Subject to bankruptcy courg approval, the company's senior secured lendersd were the successful bidders forthe company's accounts receivable. None of All American'a commercial tort claims or avoidance actions The $15.2 million is to go to Harrisd N.A. as agent for the senior secures lenders. The auction included asset s ofAll American's 33 subsidiariesw in the United Canada, Mexico, Europe and Asia. The bankruptcy court is schedulef to consider sale approval on Sale closing is set for no later than OnApril 25, All Americab filed voluntary under Chapter 11 of the U.S. Bankruptcy Shares closed unchanged at28 cents. No 52-week high/low information was available.