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ARB Corporation Ltd (ASX:ARB) is advancing its plan to acquire the 4 Wheel Parts business of Hoonigan in the United States, with legal developments showing no competing offers had been received, and US Trustee confirming it would not oppose the sale. Hoonigans – formerly known as Wheel Bros LLC – is in the process of reorganising and working its way through the bankruptcy court system, and on September 16, requested court approval of its asset sale to ARB subsidiary ORW USA Inc. The court did not receive any competing offers to this arrangement prior to the objection deadline of October 1, and…

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