thanks again for your help Everyone sure wants to get this done real fast. Wonder if it could be that the value for stockholders is increasing due to improved sales? Should have some liability hearings coming up in July which could change value to stockholders value also. Would like to hear some more about the equity that had to suddenly be added to potential claims at the last minute in the last quarter? Would like to check that smell test.
Just strange how Rog and Co. want to be out as soon as possible when mergers and aquisitions is heating up and valuations increasing.
That's what I've been waiting for all day, though I didn't expect it this soon. Thought maybe we'd see this over the weekend.
Nice work Skadden & Arps.
Does the judge have to wait for a hearing to rule on this? I don't think so. I think Judge Gerber can make a ruling and submit the document at any time.
Now that's a quick response time. Hopefully hear more about their alternative in the near future.
Are they going to have to request to rescind the motion to extend the exclusivity period before filing their own POR or can they just move forward with it either way?
If they can start putting together a good plan, which already seems to be in the works if not already far in the process, we should see some cooperation from debtors/creditors. It really does seem like they put a low value to start off value so it looks like they're being reasonable and giving ground when (if) they decide to cooperate with the EC.