ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[56Chevy]

I have no way of knowing who is saying yes...this can be like reading tea leaves sometimes.

The Debtor selected the bid of CS (which is the DIP lender consortium) as having the highest and best bid submitted at the Auction. The Debtor then takes the Bid and submits it to their BoD for consideration. The Debtor didn't designate a Backup successful Bidder.

I think the sale as it stands today has legitimate issues that the court will say have to be addressed before the court will bless it for whomever takes control.

I don't think anyone expected the bid to just be approved 'as is' and everyone go home - game over. There will be (and no doubt are) negotiations among the parties involved as we speak..there will be a Hearing...and there is also a provision for Adjustments to Purchase Price built into in the Closing.

Based on the strength of the objections they'll know what they have to "fix"..before it will fly.

Now all we need to know is - who is "they"?? :~O