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#11
03-11-2009, 04:39 AM
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Legendary Auctions
Posted By: Joann
Note that they took over assets and did not just buy the company stock outright. Among other things, this means that the new owners of the assets generally do not take over Mastro liabilities. Usually this is in play for possible future environmental issues, product or employee lawsuits, etc. But along with shedding the name, they've shed liabilities for the most part too. 
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