RentPath Bankruptcy Plan OK’d, Clearing Redfin Acquisition (1)

RentPath Holdings Inc. crossed the final hurdle to closing its $608 million deal with Redfin Corp., winning bankruptcy court confirmation of its Chapter 11 plan.

The waiting period for Redfin’s acquisition of the bankrupt online apartment listing company ended March 29, so the parties are now ready to close, RentPath’s attorney, Andriana Georgallas of Weil, Gotshal & Manges LLP, said at a hearing Thursday.

The Hart-Scott-Rodino Antitrust Improvements Act requires the waiting period so that antitrust enforcement agencies can assess whether a deal would harm competition.

Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the District of Delaware ...