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Three Firms Vie to Purchase Former Chattanooga, Tenn., Auto Parts Plant.

By Bob Gary Jr., Chattanooga Times/Free Press, Tenn. Knight Ridder/Tribune Business News

Sep. 9--Three companies will bid for the former Wheland Automotive Industries foundries near downtown Chattanooga, the trustee in charge of Wheland's bankruptcy said Monday.

Doug Johnson said he'll sit down at 8:30 a.m. Thursday with representatives of Birmingham, Ala.-based L&M Excavating and two Chattanooga-based companies, Perimeter Properties LLC and Investment Properties Co. Mr. Johnson said he's scheduled to recommend an offer to U.S. Bankruptcy Court Judge T