A "liquidation event" refers to when a company is sold or its assets are distributed to pay off debts or shareholders. It usually happens when a company goes bankrupt or decides to close down. Full definition
The mass liquidation event will join the ongoing going - out - of - business sales at 182 stores that began last month. (fortune.com)
Across the corridor from each other in this beautiful and successful center were two retailers running liquidation events, Delia's and Naartjie Kids. (nreionline.com)
For these purposes, a liquidation event can be either a bankruptcy, a dissolution or a sale of the business. (entrepreneur.com)