Jay Automotive Group was determined to be the high bidder for Rob Doll Nissan at a U.S. Bankruptcy Court hearing on Thursday.
The purpose of the hearing before Judge John T. Laney III was to find who could pay the most for the dealership and its assets while meeting the requirements of the law, said attorney J. Robert Williamson, who represents Doll.
Four bidders expressed interest at a nearly three-hour hearing in December. Only two, Jay Automotive and Daphne, Ala.-based auto company, S.E. Columbus Automotive LLC, put in bids Thursday.
“We did exactly what we thought we would do,” Williamson said of the hearing.
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The deal is contingent on Nissan’s approval.