InvestorsHub Logo
Followers 178
Posts 4697
Boards Moderated 0
Alias Born 12/18/2017

Re: None

Friday, 08/31/2018 4:58:16 PM

Friday, August 31, 2018 4:58:16 PM

Post# of 144819
For those that don’t know this in and out such as myself you need to realize something.

Bioamber was always in a voluntary CCAA. With that said bioamber had the final say here. The only reason for the board to resign is because it was part of the terms presented by the winning bidder. The board AGREED to resign to complete the sale.

The court and pwc could not enact this on their own accord again because this was voluntary.

What this tells me is this deal is done. Expecting buyout news next week. Enjoy your weekend people!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.