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!
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