Siemens Wins Bid to Acquire HearUSA Assets for $129 Million
HearUSA announced that Audiology Distribution, LLC, a wholly owned subsidiary of Siemens Hearing Instruments Inc, submitted the highest and best bid for the purchase of HearUSA in the July 29, 2011 Section 363 auction conducted under bidding procedures established for HearUSA’s Chapter 11 bankruptcy proceedings.
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