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Investment firms win Sharper Image in bankruptcy

Thu May 29, 2008 4:19pm EDT

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NEW YORK, May 29 (Reuters) - A joint venture led by units of private investment firms Hilco Consumer Capital Corp and Gordon Brothers Group have won a bankruptcy auction to acquire the assets of gadget retailer Sharper Image Corp (SHRPQ.PK), a lawyer for Sharper Image said on Thursday.

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The firms will pay $49 million plus some contingent recovery for assets of the gadget retailer, according to Harvey Miller, an attorney with Weil, Gotshal & Manges, LLP, who is representing the company. (Reporting by Emily Chasan; editing by Carol Bishopric)

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