Interviews
News Flash
Delta Woodside announces filing of petition under bankruptcy code
14 Oct '06
2 min read
There can be no assurance that the Bankruptcy Court will authorize the auction, that the Companies will receive any bids that they deem in the best interest of the estates of the Companies and their creditors as a whole or that the Bankruptcy Court would approve any bid accepted by the Companies.
Prior to filing their bankruptcy petitions, the Companies were negotiating a potential sale of a majority of their assets as a going concern to a potential acquirer; however, the parties were unable to agree on terms that the Companies' Boards of Directors believed were in the best interest of the Companies and their creditors as a whole, and negotiations were terminated shortly before the Companies filed their bankruptcy petitions.
Prior to filing their bankruptcy petitions, the Companies were negotiating a potential sale of a majority of their assets as a going concern to a potential acquirer; however, the parties were unable to agree on terms that the Companies' Boards of Directors believed were in the best interest of the Companies and their creditors as a whole, and negotiations were terminated shortly before the Companies filed their bankruptcy petitions.
Delta Woodside Industries Inc
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
