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Computer & Electronics Retailers

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Avenir Telecom in cessation of payment

Sunday, 3 Jan 2016 07:00pm EST

Avenir Telecom SA:Announces it has filed a notification for cessation of payments.Marseille Commercial Court opened insolvency proceedings with a period of observation of 6 months.In the mean time, has decided to stop totally its Internity network.

RadioShack files for Chapter 11 bankruptcy protection

Thursday, 5 Feb 2015 05:18pm EST

RadioShack:Says reaches asset purchase agreement with Affiliate of Standard General To acquire up to 2,400 stores.Standard General and Sprint to establish "store within a store" retail model at up to 1,750 acquired stores.Says will pursue asset sale and additional restructuring steps through court-supervised Chapter 11 process.Says secures debtor-in-possession loan commitment to support sale process plans to close remaining under performing stores.Says legal advisor is Jones Day.Investment banker is Lazard Freres.Financial advisors are The MAEVA Group and FTI.Has secured a commitment for about $285 million in debtor-in-possession financing from ABL lender group, led by DW Partners, LP.


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Provider : VRS (Valuation & Research Specialists)
Provider : VRS (Valuation & Research Specialists)
Provider : GlobalData
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