Sentences with phrase «approval for the liquidation»
The Proxy statement requesting shareholder approval for the liquidation, first issued in mid-May, continued to use the first quarter NAV estimates of liquidation proceeds, $ 13.79 to $ 15.79 per share.
https://longtermvalue.wordpress.com/
According to the AP, the final approvals for liquidation have went through and that means all stores closing, and about 30,000 fine (or not?)
Not exact matches
With no bidders interested in keeping the bookstore chain as a going concern, Borders chose to cancel the planned July 19 auction, and instead announced plans to submit a liquidation plan from Hilco and Gordon Brothers to the bankruptcy court for approval.
The liquidation is still subject to stockholder approval, but we think NSTR presents a reasonable prospect for a good return in a short time frame.
But progress has been made, as the company has just recently won court approval for asset liquidation last Friday by U.S. Bankruptcy Judge Kevin Gross.
The Toronto - based chain will seek court approval for the filing on Friday and begin liquidation sales at its remaining 150 stores on Oct. 19 at the earliest, according to a statement Tuesday.