Auto-parts company Shiloh files for bankruptcy

Shiloh Industries Inc. filed for bankruptcy with a plan to sell its assets to private-equity firm MiddleGround Capital LLC for $218 million, subject to better offers at auction. Valley City, Ohio-based Shiloh filed for bankruptcy on Sunday in the U.S. Bankruptcy Court in Wilmington, Del., with a stalking-horse bid from MiddleGround.

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