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German investor Timmer could be Excalibur's white knight. (Michael Timmer; defunct Excalibur Automobile Corp.'s alleged buyer)

The Business Journal-Milwaukee

| November 04, 1991 | Kass, Mark | COPYRIGHT 1985 Business Journal of Milwaukee, Inc. (Hide copyright information)Copyright

A German investor is offering to buy a majority of the assets of the defunct Excalibur Automobile Corp., and wants to reopen the West Allis manufacturer of neoclassic automobiles.

Douglas Mann, a Milwaukee attorney appointed to oversee the Chapter 7 bankruptcy liquidation of Excalibur's assets, has asked U.S. Bankruptcy Court Judge James Shapiro to approve the sale of the company's real estate and some of the assets to an unidentified bidder for $1.33 million.

Mann declined to reveal the name of the bidder last week, and Robert McKibben, a principal in Equity Partners Inc., a Memphis, Tenn., firm that solicited bids for Excalibur, would say only that the bidder is …

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