%1

The Texas company that sells the cancer-fighting Radiance 330 Proton Therapy System machines is scheduled to be auctioned off today after a short delay, Dow Jones Daily Bankruptcy Review reported today. In a new sale timeline signed on Friday, Judge Barbara Houser set an Aug. 20 sale hearing to look over the auction-winning offer for ProTom International Inc.'s struggling operations. The company's machines beam a stream of protons onto cancerous tumors more precisely than X-ray beams, but officials have struggled to finish their first U.S. project at a Michigan hospital. ProTom is up for sale after it filed for bankruptcy on May 12 while trying to finish the debut project for McLaren Health Care Corp., which operates a dozen hospitals in Michigan. The project, which was supposed to be ready to treat patients in December 2012, was only about 85 percent complete at the time of the filing, according to documents filed in the U.S. Bankruptcy Court in Dallas.

Great Atlantic & Pacific Tea Co. has tapped Gordon Brothers Retail Partners LLC as its liquidation consultant for the grocer’s going-out-of-business sales, which received preliminary approval to go forward earlier this week, the Wall Street Journal reported today. In a Wednesday filing with U.S. Bankruptcy Court in White Plains, N.Y., A&P said it tapped Gordon Brothers to conduct the final sales of groceries, as well as the fixtures, furniture and supplies, at the 25 stores it plans to initially close. The agreement also covers additional stores A&P decides to close. A&P will pay Gordon Brothers a small fee if the grocery sales equal more than A&P initially paid for the products sold. For the fixtures and furniture, Gordon Brothers will get 10 percent of all gross sales. In the filing, A&P estimated expenses related to the sales at the first 25 closing stores at $800,000.

Bankruptcy court documents said that the sale of Standard Register Co.’s assets to Taylor Corp. is expected to close on or before Friday, the Dayton (Ohio) Daily News reported today. Standard Register, a Dayton-based printing and marketing company, yesterday filed a motion in the U.S. Bankruptcy Court for the District of Delaware to change its corporate and business names, as required under the asset purchase agreement between Standard Register and Taylor Corp. Standard Register would become SRC Liquidation Co., court documents said. A hearing on the motion is scheduled for Aug. 18. The court yesterday also approved Standard Register’s request to extend the period to file its chapter 11 bankruptcy plan by an additional 90 days. Standard Register’s 120-day period to propose and file a plan was set to expire July 10. The company’s period to solicit acceptance of that plan would expire Sept. 8.

Alpha Natural Resources Inc. is closing in on a deal to sell a half dozen of its Appalachian mines as the U.S. coal producer negotiates a potential bankruptcy filing amid the industry’s worst downturn in decades, Bloomberg News reported yesterday. Revelation Energy LLC, run by Jeff Hoops, is negotiating a purchase of Alpha Natural’s mines in southwest Virginia and eastern Kentucky, said the person, who asked not to be named because the discussions are private. The cash value of the deal would be low, but Revelation would also assume liabilities associated with cleanup costs, the person said. Alpha is exploring ways to remain financially viable amid a prolonged coal-price slump that has already pushed rivals Walter Energy Inc. and Patriot Coal Corp. into bankruptcy proceedings this year. The Bristol, Va.-based company has been in talks with creditors to restructure its $4 billion of debt. With $109 million owed to junior-ranking bondholders on Aug. 1, the miner is discussing with senior lenders a loan that would finance operations through a bankruptcy court proceeding.

The lawyer in charge of Spectrum Analytical Inc. is preparing to sell the Massachusetts-based environmental testing lab's operations at a Aug. 25 bankruptcy auction after a judge announced a sale timeline, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Henry Boroff set an Aug. 20 bid deadline for buyers who want to make an offer for Spectrum Analytical's operations, said Steven Weiss who took over the company earlier this year as chapter 11 trustee. Bidders will have to challenge a $5 million offer in hand from Eurofins Scientific Inc.

TiVo spent $1 million during the bankruptcy case of failed TV-streaming service Aereo Inc. to buy trademarks and customer lists, and now the TV recording pioneer is making moves to acquire former Aereo customers, the Wall Street Journal reported today. In emails bearing Aereo’s logo to former customers, TiVo pitched its TiVo Roamio-OTA as a service that was “conceived, developed and introduced for people just like you.” The TiVo offer to Aereo customers comes out to $19.99 a month with a two-year commitment. That’s $5 more a month and a year longer commitment than the service is normally, but the company is throwing in the required equipment free: two devices that are normally $49.99 and $129 each. The devices together allow customers to record live antenna TV and watch on multiple devices — that is, if you already own an antenna.

An affiliate of Good Harbor Financial announced its plans to acquire beleaguered F-Squared Investments’ intellectual property yesterday, Barron’s reported. The announcement comes as F-Squared, recently the largest manager of exchange-traded fund portfolios, filed for chapter 11 protection. Wellesley, Mass.-based F-Squared agreed to pay $35 million last year to settle fraud charges related to false performance advertising in its flagship investment product. It’s been bleeding assets ever since, and was reportedly up for sale.

A Native American tribe in California is looking to make a bid for Colt Holding Co., the 179-year-old gun manufacturer, according to a tribal attorney, Reuters reported yesterday. "Colt is an iconic business and we're sort of intensely interested in helping a business like that," Drew Ryce, attorney for the Morongo Band of Mission Indians. The firearms manufacturer filed for bankruptcy on June 14 and is considering putting itself up for sale. Ryce said that the Banning, Calif.-based tribe was looking to diversify its economy and an East Coast manufacturer would balance the tribe's focus on retail, gambling and hospitality in Southern California. The manufacturer is controlled by Sciens Capital Management, a private equity firm that had proposed buying Colt in a sale that would not include any cash but would assume Colt's obligations, other than $250 million of bonds.