BRIEF-Acorda Says Debtors Did Not Receive More Than One Qualified Bid Before Bid Deadline, In Connection With Chapter 11 Proceedings

Reuters06-05

June 4 (Reuters) -

* ACORDA THERAPEUTICS- DEBTORS DID NOT RECEIVE MORE THAN ONE QUALIFIED BID BEFORE BID DEADLINE, IN CONNECTION WITH CHAPTER 11 PROCEEDINGS

* ACORDA THERAPEUTICS- PURSUANT TO COURT-APPROVED BID PROCEDURES MERZ PHARMACEUTICALS, LLC WAS DEEMED TO BE SUCCESSFUL BIDDER

* ACORDA THERAPEUTICS - ON MAY 29, CO AND SOME OF ITS UNITS CANCELLED AUCTION

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((Reuters.Briefs@thomsonreuters.com;))

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