Syntax-Brillian announces asset purchase agreement, files voluntary petition or Chapter 11 reorganization to facilitate sale (BRLC) 0.46 : Co announces that, pending court approval, it has entered into an asset purchase agreement to sell certain of its assets to a newly-created co, Olevia International Group, LLC, which is under common ownership with TCV Group. Under the terms of the transaction, in exchange for the purchased assets, Olevia International Group has agreed to assume $60.0 mln of Syntax-Brillian's secured debt. Concurrent with this announcement, Syntax-Brillian filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.