A bankruptcy court has cleared new owners to buy Dippin' Dots Inc. out of bankruptcy for about $13 million in a deal that will keep the Kentucky-based company's flash-frozen ice cream beads flowing to vendors across the country, Dow Jones DBR Small Cap reported today. A company, backed by an Oklahoma energy investor, got permission from Bankruptcy Judge Thomas Fulton to purchase the company during a hearing on Wednesday, and the deal is expected to close later this month.
