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A surprise eleventh-hour bid for Butler and Tanner has been accepted by administrator Peter Kubik, reports Print Week. However, according to the trade weekly, a deal is a long way from being completed.
Just last week property management company Edward Symmons told The Bookseller that it had completed the sale of the firm's assets to individual buyers after a last-ditch m.b.o. bid from former employees collapsed.
Kubik told PW that the management team's bid for the closed book printer was "on a par" with the proceeds raised from the auction.