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MPS Ltd Announces Termination Of Acquisition Of Element, LLC


Wednesday, 19 Jun 2013 10:44pm EDT 

MPS Ltd announced that it has terminated the binding membership purchase agreement dated May 10, 2013 for the acquisition of 100% of the units of Element, LLC. Following such termination, Element, LLC has filed a petition under Chapter 11 of the U.S. Bankruptcy Code requesting authority to obtain credit, incur debt, grant liens, use cash collateral and transfer assets to MPS North America, LLC under the terms of an asset purchase agreement. 

Company Quote

767.4
-4.05 -0.53%
18 Dec 2014