A 363 sale is the sale of virtually all a company’s assets in a bankruptcy. And while I don’t recall seeing that designation in any of the final documents, the sale of virtually all the company’s assets in a bankruptcy is sorta exactly what happened, so it’s not surprising that a third party would make the designation. What’s crazy would be that anyone would think that something reported in a 3rd party report would trump the public Monitor reports and APA if there were any discrepancies.
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.