tldrdaily.news logo
Tag

Sale Of Assets

All articles tagged with #sale of assets

business2 years ago

ViewRay's Voluntary Chapter 11 Filing Sends Stock Plummeting

Medical technology company ViewRay has filed for Chapter 11 bankruptcy and intends to sell its business while continuing to support its customers. The company has secured $6 million in debtor-in-possession financing to support its operations during the bankruptcy process. ViewRay's CEO and two board members have resigned, and new appointments have been made. The company's MRIdian MRI-guided radiation therapy systems will be maintained at customer sites, and efforts are being made to maximize value for stakeholders.

via PR Newswire|
#bankruptcy#business#chapter-11
business2 years ago

David's Bridal Faces Financial Struggles, Announces Layoffs and Store Closures.

David's Bridal, the largest wedding dress retailer in the US, has filed for Chapter 11 bankruptcy for the second time in five years. The company plans to continue exploring a sale of all or some of its assets and will keep its roughly 300 locations open during the process. The pandemic has changed the way many people dress for weddings, which has hurt David's Bridal. The retailer has hired law firms and investment banks to assist with a possible sale. The company has also started slashing thousands of jobs.

via The New York Times|
#bankruptcy#business#davids-bridal
business2 years ago

SVB Financial's Parent Company Files for Chapter 11 Bankruptcy Protection with $2.2B Liquidity.

SVB Financial Group, the parent company of Silicon Valley Bank, has filed for chapter 11 bankruptcy protection in New York bankruptcy court, making it the largest bankruptcy filing stemming from a bank failure since Washington Mutual Inc. in 2008. The move will ease the sale of its remaining assets after the technology-focused bank at the core of its business was seized by federal regulators.

via The Wall Street Journal|
#bankruptcy#business#chapter-11