National Envelope gets $140 mln Cenveo buyout bid

http://www.reuters.com/article/idCNN3024556820100630?rpc=44
NEC Holdings Corp, which said it is the largest U.S. envelope maker and is operating under bankruptcy protection, is the subject of a $140 million takeover bid by rival Cenveo Corp (CVO.N).

In a Wednesday filing with the U.S. bankruptcy court in Wilmington, Delaware, Cenveo said it offered to buy NEC's assets for at least $140 million in cash, a "higher and better" offer than an unnamed private equity buyer has offered.