February 9, 2018 / 5:34 AM / 9 months ago

BRIEF-Appvion Inc ‍Filed For Court Approval Of Stalking Horse Asset Purchase Agreement

Feb 9 (Reuters) - Appvion Inc:

* ‍FILED MOTION IN U.S. BANKRUPTCY COURT FOR APPROVAL OF A STALKING HORSE ASSET PURCHASE AGREEMENT BID FROM GROUP OF ITS LENDERS​

* ‍STALKING HORSE ASSET PURCHASE AGREEMENT BID FROM GROUP OF ITS LENDERS TO ACQUIRE SUBSTANTIALLY ALL OF APPVION’S ASSETS IN A SALE PROCESS

* ‍AGREEMENT WITH PURCHASER PROVIDES A TOTAL CONSIDERATION OF $325 MILLION PLUS ASSUMPTION OF SUBSTANTIAL LIABILITIES​

* ‍COURT IS SCHEDULED TO CONSIDER PROPOSED BID PROCEDURES ON MARCH 1, 2018​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below