Monday, June 21, 2021 12:26:50 AM
According to FTI consulting regarding Bioamber:
‘It became obvious that the sisp would not lead to the desired transaction AND that management was involved/associated with a potential bidder”
Management was involved/associated with a potential bidder...
So this deal was made by management. Looks like Eno was right when he said ultimate sale of company. Glad management will be compensated with their shares as well.
Liquidation protected the assets since Comerica wanted this over with by August. Section 167 at work with an upfront price that settled the loan amounts due at the end of 2018.
‘It became obvious that the sisp would not lead to the desired transaction AND that management was involved/associated with a potential bidder”
Management was involved/associated with a potential bidder...
So this deal was made by management. Looks like Eno was right when he said ultimate sale of company. Glad management will be compensated with their shares as well.
Liquidation protected the assets since Comerica wanted this over with by August. Section 167 at work with an upfront price that settled the loan amounts due at the end of 2018.
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.
