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Koan

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Koan

Re: TenKay post# 55015

Friday, 12/28/2018 10:31:33 AM

Friday, December 28, 2018 10:31:33 AM

Post# of 146879
Structuring the transaction as a stock sale, but it must look like an asset sale.

We also have to remember the additional complexity that this is happening under CCAA with an extended Stay Of Proceedings. There are also confidentiality agreements which the Canadian courts appear to uphold; agreements BioAmber signed with companies before and after CCAA.

When this wraps in Canada and goes to US Courts under Chapter 15 is likely when the fireworks will go off.
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