Sentences with phrase «planning for a liquidation»

Toys «R» Us's days as a toy retailer appear to be numbered after the company filed plans for liquidation of its more than 700 domestic stores and over 200 of its Babies «R» Us stores.

The fund has a planned exit date of 2020 in which they are planning for a liquidation event.

Not exact matches

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.

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.

Plans continued to evolve for the retailer, even as it puts the final touches on its liquidation pPlans continued to evolve for the retailer, even as it puts the final touches on its liquidation plansplans.

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

At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a «liquidation event» occurs.

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.

Although few specifics were given for such an economic plan — and no suggestions on how to bring about the «voluntary liquidation» of the old system — the magazine was clearly championing a socialist ideal.

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 tender offer is conditioned upon, among other things, (i) the BVF Nominees being elected to Avigen's board of directors at a special meeting of stockholders called for that purpose, or otherwise appointed, and constituting a majority of directors on Avigen's board, (ii) the Avigen board redeeming the poison pill rights issued and outstanding under Avigen's Poison Pill Rights Plan, or the Purchaser being satisfied in its reasonable discretion that the Poison Pill Rights are otherwise inapplicable to this tender offer, the Purchaser or any affiliate or associate of the Purchaser and (iii) Avigen not having authorized, recommended, proposed, announced its intent to enter into or entered into an agreement with respect to or effected any merger, consolidation, liquidation, dissolution, business combination, acquisition of assets, disposition of assets, alternative strategy or relinquishment of any material contract or other right of Avigen or any comparable event or capital depleting transaction not in the ordinary course of business.

In the 13D filing the individual states his intent which is «As Aspen currently has no active business operations and a significant amount of liquid assets, (individual name) believes that there is broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all the proceeds from the Sale and Aspen's additional liquid assets to Aspen's shareholders.

We believe their resounding support was directly responsible for the Board's decision to discontinue its risky merger discussions and to commence with a plan of liquidation.

While our Board considers the inability to continue its strategic process unfortunate, it has abandoned discussions for a strategic transaction and intends to develop a plan that will maximize liquidation value.

The Royce Fund's Board of Trustees recently approved a plan of liquidation for Royce Select Fund II (RSFDX), Royce Enterprise Select Fund (RMISX), Royce SMid - Cap Value Fund (RMVSX), Royce Partners Fund (RPTRX) and Royce Global Dividend Value Fund (RGVDX).

However, the plan of liquidation, in order to minimize the tax impact, provided that the company be divided into two separate entities, an operating entity (listed) and an ownership entity (non-listed and non transferable), as well as for the issuance of a dividend in the form of non-transferable notes.

Our board of directors considered the fact that we were in the early stages of considering strategic alternatives that could create more value for shareholders than the Tang Capital proposal, that the directors believed that continuing to execute on our strategic plan, which included conducting the PROSPECT II clinical trial and continuing to develop our Renova ™ Cortical Stimulation System, could ultimately create more value for shareholders than the Tang Capital proposal, and that management had prepared an informal liquidation analysis which showed that the estimated liquidation value of Northstar at that time was greater than the price in the Tang Capital proposal.

In a move to force more debtors into a Chapter 13 Wage Earner repayment plan, instead of allowing for a straight liquidation bankruptcy under Chapter 7, the trustee or any creditor can bring a motion to dismiss a Chapter 7 application if the debtor's income is greater than the state median income.

If, prior to its dissolution, the Company receives an offer for a transaction that will, in the view of the Board, provide superior value to stockholders than the value of the estimated distributions under the Plan, taking into account all factors that could affect valuation, including timing and certainty of payment or closing, credit market risks, proposed terms and other factors, the Plan of Liquidation and the dissolution could be abandoned in favor of such a transaction.

If the Company's shareholders approve the Plan, the Company intends to file articles of dissolution, satisfy or resolve its remaining liabilities and obligations, including but not limited to contingent liabilities and claims, ongoing clinical trial obligations, lease obligations, severance for terminated employees, and costs associated with the liquidation and dissolution, and make distributions to its shareholders of cash available for distribution, subject to applicable legal requirements.

Incorporated («Morgan Stanley») as its advisor to assist the Company in exploring strategic alternatives available to the Company for enhancing shareholder value, including but not limited to, continued execution of the Company's business plan, the payment of a cash dividend to the Company's shareholders, a repurchase by the Company of shares of its capital stock, the sale or spin off of Company assets, partnering or other collaboration agreements, a merger, sale or liquidation of, or acquisition by, the Company or other strategic transaction.

The Board made this decision after completing an exhaustive evaluation of various strategic alternatives available to the Company for enhancing stockholder value, including but not limited to, continued execution of the Company's business plan, the payment of a cash dividend to the Company's stockholders, a repurchase by the Company of shares of its capital stock, the sale or spin off of Company assets, partnering or other collaboration agreements, a merger, sale or liquidation of, or acquisition by, the Company or other strategic transaction.

We will have a better estimate for the likely distribution when the company files its Plan of Complete Liquidation and Dissolution of the Company.

As Aspen currently has no active business operations and a significant amount of liquid assets, Mr. Tombar believes that there is broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all of the proceeds from the Sale and Aspen's additional liquid assets to Aspen's stockholders.

If the Company's stockholders approve the Plan of Dissolution, the Company intends to file articles of dissolution, satisfy or resolve its remaining liabilities and obligations, including but not limited to contingent liabilities and claims, lease obligations, severance for terminated employees and costs associated with the liquidation and dissolution, and attempt to convert all of its remaining assets into cash or cash equivalents.

Moreover, if the Company's stockholders approve the Plan of Liquidation, the Company intends to file a certificate of dissolution, delist its shares from NASDAQ, sell and monetize its non-cash assets, satisfy or settle its remaining liabilities and obligations, including any contingent liabilities and claims, terminate its remaining employees throughout the wind down period, and make one or more distributions to its stockholders of cash available for distribution.

by Oankar Birdi, RenewableUK Government must urgently spell out its plans for future renewables support, argues RenewableUK's Oankar Birdi The announcement last month that one of the small and medium wind industry's best - known companies, Gaia - Wind, was going into liquidation is the starkest warning yet that the renewable energy sector urgently needs action by government on the Feed - in Tariff (FiT)...

Dewey & LeBoeuf's liquidation plan has been approved by the bankruptcy court judge overseeing the case, paving the way for repayment of millions of dollars owed to creditors of the collapsed firm.

The proposed plan to spend millions on retention bonuses for top - level executives has been accompanied by public outrage over reports that sales prices during liquidation sales may have been intentionally inflated before being placed on sale,

The bankruptcy test for approving a Chapter 13 plan is whether the plan would deliver more value to creditors than a Chapter 7 liquidation.

The Board of Trustees of the PIMCO Variable Insurance Trust has approved a plan of liquidation for the PIMCO VIT Money Market Portfolio on or about September 23, 2016 (liquidation date).

• Interviewing applicants to determine financial eligibility • Counseling applicants on loan repayments and restrictions • Setting up payment plans for debt liquidation • Analyzing potential loan markets to find financial services promotion opportunities • Ameliorate financial situations by investigating negative credit histories and providing recommendations

Houston — Hines Real Estate Investment Trust Inc., one of three public non-listed REITs sponsored by Hines, plans to undertake its liquidation and dissolution, primarily through the cash sale, for $ 1.162 billion, of a portfolio of office assets, Hines has announced.