Pursuits
Anschutz Corp. Unit Wins Ambassadors International Auction
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A unit of billionaire Philip Anschutz’s Anschutz Corp. won a bankruptcy auction for virtually all the assets of Ambassadors International Inc., operator of Windstar Cruises, with an offer of about $39 million.
The Seattle-based company selected TAC Cruise LLC’s cash offer, which also includes taking on certain liabilities, as the winning bid after conducting a two-day auction that started yesterday, according to court papers filed today in U.S. Bankruptcy Court in Wilmington, Delaware.