WYNIT: Tech wholesaler WYNIT Distribution files for bankruptcy, looks for buyers

Technology-products distributor WYNIT Distribution is seeking a buyer for its Minnesota-based software unit after its corporate parent filed for Chapter 11 bankruptcy protection on Friday. The Wall Street Journal reports on the bankruptcy proceedings of WYNIT, which is owned by Eden Prairie-based WD Navarre Holdings. Lawyers for the company said in filings that it wouldn't be able to meet payroll without a bankruptcy loan from lenders; it received $15 million in debtor-in-possession financing to...