Sentences with phrase «orderly wind»
On June 1, 2009, we announced our plans to merge our search business with Vertical Search Works, Inc. and our expectation to adopt a plan of dissolution with orderly wind down and liquidation of Convera before the closing of the merger.
greenbackd.com
When no crisis is at hand, liquidation proceeds are usually maximized through a more orderly winding up of a business.
The retailer will begin orderly wind down of its business, including the sale or closing of its hundreds of U.S. stores.
[And this obviously triggered the RNS itself & proposed orderly wind - down].
This begins with looking at the implications or risks of insolvency law when devising corporate vehicles or holding structures, suggesting alternative structures, advising on the giving and taking of security through to advice on orderly wind downs, insolvency processes and shareholder disputes.
As expected, the Department of Homeland Security said it would shut down the Deferred Action for Childhood Arrivals program in six months — what officials called an «orderly wind down» — with the intent of giving Congress time for a potential legislative fix.
«While we are disappointed by this outcome and tried very hard to identify bidders interested in operating the business as a going concern, we are committed to working constructively with the winning bidder to ensure an orderly wind - down of operations that minimizes the impact of this development on our associates, customers, vendors and the communities we serve.
In its liquidation filing, the company says its creditors «have determined that the best way to maximize their recoveries is to liquidate the existing inventory in all... 735 remaining U.S. stores and begin an orderly wind - down of the U.S. operations.»
«While we are disappointed by this outcome and tried very hard to identify bidders interested in operating the business as a going concern, we are committed to working constructively with the winning bidder to ensure an orderly wind - down of operations,» said President and CEO Bill Tracy.
«An orderly wind - up will make it possible to continue serving the firm's clients without interrupting or disrupting service.
The Montreal - based company said it would conduct an orderly wind - up after a vote was held Wednesday evening.
Toys R Us told employees on Wednesday that it planned to close or sell all 735 of its remaining US stores, beginning an «orderly wind - down» of operations.
As previously disclosed, Nyer is in the process of the orderly wind down and dissolution of the Company pursuant to the Plan of Dissolution, which is described more fully in the Company's Proxy Statement dated December 17, 2009, and is expected to be completed in approximately 30 days.
The Plan of Dissolution contemplates an orderly wind down of the Company's business and operations.
The plan of dissolution contemplates a $ 10.0 million dividend to shareholders of record at the close of the transaction and an orderly wind up of Convera's remaining obligations over the twelve months after closing.
The firm said in a release late on Wednesday that an «orderly wind - up» will span several months and make it possible to «ensure a harmonious transfer» of
They and others stayed behind to ensure an «orderly wind - up» of operations which translated into ensuring that clients, lawyers and staff were dealt with properly.
After 40 years building an iconic Canadian firm well known for its labour and employment practice as well as the home of former Prime Minister Jean Chrétien and others, partners of Heenan Blaikie voted Wednesday night to proceed with an «orderly wind - up» of the firm's operations.
The firm said in a release late on Wednesday that an «orderly wind - up» will span several months and make it possible to «ensure a harmonious transfer» of clients to other firms.
The current strong economic and property market fundamentals and the orderly wind - down of monetary stimulus may not last.
«The forecast represents almost the perfect combination of strong economic and property market fundamentals, combined with an orderly wind - down of monetary stimulus.»