The Star Tribune is reporting that a Federal judges has given the all clear for the auction and sale of the Polaroid group, one of the few remaining assets of Wayzata business man Tom Petters holdings that has substantive value. The minimum bidding will begin at $42 million.
That price tage represents about 1/10th of what Petters originally paid for the business in 2005. Bids are due on March 26th, with the auction to be conducted on March 30th. To read the full story from the Strib, follow this link: Petters’ Polaroid gets the OK to be put up for sale
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