Bug magnet has a suitor.

From: Providence Journal (Providence, RI) | Date: April 6, 2007 | Copyright information

Byline: Paul Grimaldi

Apr. 6--A Pennsylvania company yesterday made a "stalking horse" bid for American Biophysics Corp. that could set up an auction later this month for the maker of the Mosquito Magnet.

Woodstream Corp, of Lititz, Pa., offered $6.5 million for a company once considered to be among the fastest-growing corporations in the country.

"I view this as really the first step," said Jonathan N. Savage, the court-appointed receiver overseeing American Biophysics' operations.

Unable to pay off debts of more than $7 million, American Biophysics was placed ...

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