Exide Technologies fka EXTC

[Renegades17]

The judge will solicit opinions on valuation from various parties including investment banks. That's how the process works.

If you look back at the last bankruptcy, the company said that it's value was less than $1bn I believe, but the judge disagreed and said that it was worth $1.5bn.

Like I've repeatedly said, watch EBITDA as it will be a key financial metric used to determine the value of the company. On the positive side, the comparable companies (ie. JCI, ENS) have seen their valuations increase dramatically since June. That helps boost XIDEQ's valuation when all is said and done.