Sentences with phrase «for the liquidation in»

The company will file a motion for the liquidation in bankruptcy court, according to the person, who asked not to be identified because the announcement isn't yet public.

Today it was leaked that the company is preparing for liquidation in the US as it couldn't find a buyer and couldn't get the creditors to agree to take massive haircuts in a restructuring deal.

HNP Growth and Preservation Fund (HNPKX) is slated for liquidation in mid-November.

Many of my older positions were earmarked for liquidation in the last post, and some I'm already in the process of scaling out of.

A heavyweight line - up of Slaughter and May, Freshfields Bruckhaus Deringer, Dentons, Clifford Chance (CC) and Linklaters have mobilised as construction giant Carillion files for liquidation in one of the largest UK insolvencies for years.

Not exact matches

The company, which filed for bankruptcy in February, is winding down its business after two liquidation firms — Great American Group and Tiger Capital Group — won an auction for the company's assets.

Bon - Ton did not immediately respond to Business Insider's request for comment on the store closures but announced in a press release Wednesday that the liquidation firms» bid had been approved by the US Bankruptcy Court for the District of Delaware.

For this reason it may just be safer to sell the assets outright in a partial liquidation.

Typically, a liquidation preference is designed to protect an investor's monetary investment in a situation where, for whatever reason, the proceeds of a liquidation to be distributed to all investors are less than the amount of the investors» original investment.

Or was it in 1994, when it was forced into liquidation and German PC manufacturer Escom bought up the remains for US$ 14 million?

California topped the nation in small business filings for reorganization or liquidation: The state's metro areas claimed four of the top five slots on the most - filings list.

The CHOICE Act would also roll back SIFI criteria for what are termed «living wills» — essentially these are liquidation resolution plans under bankruptcy laws to be implemented if things go to heck in a hand basket.

April 23 - Hasbro Inc reported a bigger - than - expected drop in quarterly revenue on Monday, blaming the liquidation of Toys» R» Us and unsold toy inventory in Europe for a $ 100 million shortfall in revenue.

Remember, short - term pain caused by the implosion of OPEC and the liquidation of billions from SWF's will make a basis for the next leg up in stocks but between now and then, things could be very volatile.

Prospects could be buoyed by a group of toymakers who said Wednesday they're looking to make a bid for the company's Canadian business, through which they would buy some U.S. locations in the liquidation to operate as a subsidiary.

On Thursday, at the Toys «R» Us Express on 33rd Street in Midtown Manhattan, Angela Milligan, 28, and Chace Douglas, 25, were looking for bankruptcy bargains (no liquidation markdowns yet).

The bill raises the asset threshold at which banks must comply with stricter capital and planning requirements, including yearly stress tests and developing «living wills» for an orderly liquidation in times of crisis.

CNBC reported yesterday the iconic U.S. retailer is in the process of drafting the court motion for its liquidation plan that could come as soon as the end of the day Wednesday.

TOKYO — The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.

Arle will go into voluntary liquidation in March when its contract for managing a portfolio of companies for Candover Investments comes to an end, according to Candover.

At the meeting, employees were also told they have 60 more days of employment at Toys R Us, a requisite Brandon argued strongly for in negotiating the businesses» liquidation, one of the sources said.

There is also the potential for the development of a secondary trading market and investors have also enjoyed an overall increase in full participating liquidation preferences.

It is imperative for company leaders to train and prepare their successors to assume their future roles in the event of a death, retirement or liquidation of any shareholder.

«Financing Conversion Securities» means securities with identical rights, privileges, preferences and restrictions as the Qualified Financing Securities issued to new investors in a Qualified Financing, other than (A) the per share liquidation preference, which will be equal to (i) the Note Conversion Price at which this Note is converted, multiplied by (ii) any liquidation preference multiple granted to the Qualified Financing Securities (i.e., 1X, 2X, etc. of the purchase price), (B) the conversion price for purposes of price - based anti-dilution protection, which will equal the Note Conversion Price, and (C) the basis for any dividend rights, which will be based on the Note Conversion Price.

Accounting book value is meant to measure the potential assets available to investors in the event of liquidation, and that's simply not a very useful measurement for most equity investors.

In addition, the amount of the fund's income distributions will vary over time and the breakdown of returns between fund distributions and liquidation proceeds will not be predictable at the time of your investment, resulting in a gain or loss for tax purposeIn addition, the amount of the fund's income distributions will vary over time and the breakdown of returns between fund distributions and liquidation proceeds will not be predictable at the time of your investment, resulting in a gain or loss for tax purposein a gain or loss for tax purposes.

Firms specializing in liquidation plan to submit a $ 740 million offer for Bon - Ton in partnership with its bondholders.

Not halting trading allowed for orders to fill in to absorb the liquidations, which otherwise would have found a lower bottom.

Former Level Solar CEO Richard Keiser has filed a motion for the company's Chapter 11 bankruptcy to be converted to a Chapter 7 liquidation, in a web of accusations and counter-accusations.

As a result of this dilution, investors purchasing shares of Class A common stock in this offering may receive significantly less than the full purchase price that they paid for the stock purchased in this offering in the event of liquidation.

Granted, this liquidation has stopped, for now, but what was the reason in the first place, if not to raise badly needed and externally denominated funds?

Having said that, the mall is in a serious predicament, as Sears continues to be that dead anchor store walking, but now there's the possibility of another anchor store going under, as my local Bergners department store is part of Bon Ton stores which filed for bankruptcy and is facing possible liquidation.

For instance, in a similar step - transaction - doctrine issue with partial 1035 annuity exchanges and subsequent liquidations (which allowed annuity owners to get more favorable treatment in the multi-step process than could have been obtained if treated as a whole), the IRS ultimately declared in Revenue Procedure 2008 - 24 that as long as the taxpayer waited at least 12 months between the 1035 exchange and the subsequent liquidation, it would be allowed.

The «smart tokens» automate holding other tokens in reserve, and enable the instant purchase or liquidation of the smart token in exchange for one of its reserve tokens, directly through the smart token's contract, at a continuously calculated price, according to a formula which balances buy and sell volumes.

In the event that (i) the Board of Directors proposes, recommends, approves or otherwise submits to the shareholders of the Company, for shareholder action, a Deemed Liquidation Event, and (ii) a Holder has not received written notice from the holders of a majority of the shares of Key Holder Common Stock that such holders approve the Deemed Liquidation Event, then such Holder hereby agrees to vote (in person, by proxy or by action by written consent, as applicable) all shares of capital stock of the Company now or hereafter directly or indirectly owned of record or beneficially by such Holder against the Deemed Liquidation Event, to assert statutory dissenters» rights with respect to the Deemed Liquidation Event, and to take such other action in derogation of the Deemed Liquidation Event as shall be requested by the holders of a majority of the shares of Key Holder Common Stock in order to carry out the terms and provision of this Section x.yIn the event that (i) the Board of Directors proposes, recommends, approves or otherwise submits to the shareholders of the Company, for shareholder action, a Deemed Liquidation Event, and (ii) a Holder has not received written notice from the holders of a majority of the shares of Key Holder Common Stock that such holders approve the Deemed Liquidation Event, then such Holder hereby agrees to vote (in person, by proxy or by action by written consent, as applicable) all shares of capital stock of the Company now or hereafter directly or indirectly owned of record or beneficially by such Holder against the Deemed Liquidation Event, to assert statutory dissenters» rights with respect to the Deemed Liquidation Event, and to take such other action in derogation of the Deemed Liquidation Event as shall be requested by the holders of a majority of the shares of Key Holder Common Stock in order to carry out the terms and provision of this Section x.yin person, by proxy or by action by written consent, as applicable) all shares of capital stock of the Company now or hereafter directly or indirectly owned of record or beneficially by such Holder against the Deemed Liquidation Event, to assert statutory dissenters» rights with respect to the Deemed Liquidation Event, and to take such other action in derogation of the Deemed Liquidation Event as shall be requested by the holders of a majority of the shares of Key Holder Common Stock in order to carry out the terms and provision of this Section x.yin derogation of the Deemed Liquidation Event as shall be requested by the holders of a majority of the shares of Key Holder Common Stock in order to carry out the terms and provision of this Section x.yin order to carry out the terms and provision of this Section x.y..

All in all, I would say that bearishness is leaving the sector thanks to the end of U.S. tax season which forced a lot of liquidations and allowed for professionals to, rightly, keep pressure on the market and force out the weakest hands.

Toys R Us, for example, an established brick - and - mortar player that was founded in 1948 by Charles Lazarus, recently announced the liquidation of its assets, with payments to suppliers and lenders hanging in the balance.

All of this reflects what might be called a «liquidation syndrome» that is selective for awful drops that began in 1969, 1972, 1987, 2000, 2007, and the more moderate but still steep losses in 1998, 2010, and 2011.

It is time for the preaching of a new evangelism — the evangelism of the voluntary liquidation of the competitive system in order that there may be a planned economy which shall insure to every person in the nation an adequate supply of the goods of life.

During his distinguished career, Mr. Madoff served as Chief Investment and Strategy Officer for the New York Liquidation Bureau, a Vice President at Goldman Sachs, and a Captain in the U.S. Army, stationed in Greece and Hawaii.

«This is not a reform — this is a liquidation of science in Russia,» says Alexander Kuleshov, director of the academy's Institute for Information Transmission Problems in Moscow.

The highest rated dealer in your area with a used 2012 Volkswagen Jetta for sale is Pre-Owned Car And Truck Liquidation Outlet, with an average user dealer rating of and 167 used 2012 Volkswagen Jetta's in stock for sale.

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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.

When Borders was going through liquidation, the exclusive contract it established with Kobo hung in limbo for almost a year and a half.

That's because Leonhardt is right: Barnes & Noble going through major restructuring, bankruptcy, or, worse case, liquidation would create an enormous black hole in the book market for many communities.

The company has officially filed for bankruptcy and all of its assets are in currently in liquidation.

Prior to Borders» liquidation, the retailer was a partner for Kobo and a minority stakeholder in the company, with a share of about 11 percent.

• Chapter 7 Bankruptcy — Also known as a liquidation bankruptcy, a Chapter 7 bankruptcy will discharge most debts in a few months after filing, but the record of the bankruptcy itself usually remains active on a credit report for 10 years.

An individual's value to his creditors at time of filing a consumer proposal comprises his assets valued at liquidation (auction) pricing (that may be a garage sale for your furniture and household goods, the wholesale cash buyer for your car, or the pawnbroker for your jewellery) after deducting exemption in prescribed, legislated amount (s) for car, household goods, clothing, tools of the trade, medical aids, home, life insurance, pensions, RRSP, etc., which amounts to little or nothing for the large majority of us, less than our debt in any case.