Cinram International Inc. Seeks U.S. Bankruptcy Protection
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Cinram International Inc., a maker and distributor of pre-recorded media products, sought bankruptcy protection from creditors in the U.S., after reaching a deal to sell virtually all its assets to units of Najafi Cos.
The Toronto-based company filed Chapter 15 court papers today in U.S. Bankruptcy Court in Wilmington, Delaware, listing more than $500 million in debt and as much as $50 million in assets. Eight affiliates also sought court protection.