<< ESL/Transform Holdco picked and chose what Assets it wanted to buy and what Liabilities it wanted to assume - per Section 363 of the Bankruptcy Code. This is called a 363 Sale and it left certain Assets and Liabilities with the Debtors. >>
linda1:
Pg 5 of Doc 1730 (which includes the original APA) states:
"The Successful Bid involves the purchase of substantially all of the Assets of the Company, including..."
I understand that ESL only purchased the top 425 stores and they will be closing the rest, but besides that what do you think that they are leaving behind?
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