Judge Shannon; Door Open For Other Buyers
Retailer Quiksilver Gets Nod on Oaktree Deal
Stephanie Gleason
October 15, 2015
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Additionally, Judge Shannon set a confirmation hearing for Jan. 25, a slightly longer timeline than originally was proposed.
The changes were made in an effort to ensure that Quiksilver "can move forward with its plan, but that the plan will be subject to a real and robust marketing process," Judge Shannon said. His ruling promotes a "dual track" process that moves the deal forward with Oaktree, while leaving the door open for other buyers, he noted.