The allocation is “fair to all shareholders,” said founder Richard Elman. Noble Group will provide all shareholders with 15% in aggregate of the equity in New Noble provided the resolutions to approve the restructuring are passed at the special general meeting. “This simplified structure replaces the previous proposal to provide shareholders with 10% equity in New…
AUSTIN, Texas, April 16, 2018 (GLOBE NEWSWIRE) — Ideal Power Inc., (NASDAQ:IPWR), an innovative power conversion technology company, has announced new executive management team changes as part of a strategic restructuring to support operational progress with the companys two primary technologies. Effective today, Ideal Power has realigned into two separate operating divisions: Power Conversion Systems…
NEW YORK–(BUSINESS WIRE)–Richards Kibbe & Orbe LLP announced today that Christopher Andrew Jarvinen, an accomplished bankruptcy attorney possessing nearly two decades of experience handling complex business and litigation issues arising in the context of corporate restructurings, has joined the firm as a partner in its New York office. Over the course of his career, Christopher…
Thousands of Australian Toys R Us workers appear likely to have their jobs saved through a deal to merge the bankrupt retailer’s local operations with its Asian business and sell them to a new owner. The toy giant’s 45 local stores and about 2700 employees have been under a cloud for the past month after the…
The transaction is intended to maximize value for all stakeholders through a fair, open Bankruptcy Court-approved sale process in which Bertucci’s will consider all bids for a sale or restructuring of the company. As part of the bankruptcy filing, Bertucci’s has sought Bankruptcy Court approval for the consensual use of cash collateral and $4 million…
SINGAPORE (Reuters) – Noble Group (NOBG.SI) improved the terms of its controversial $3.4 billion debt restructuring deal and won the support of its biggest shareholder as the commodity trader seeks to complete the vital transaction. FILE PHOTO – A Noble Group sign is pictured at a meet-the-investors event in Singapore August 17, 2015. REUTERS/Edgar Su/File…
SINGAPORE (Reuters) – Noble Group (NOBG.SI) improved the terms of its controversial $3.4 billion debt restructuring deal and won the support of its biggest shareholder as the commodity trader seeks to complete the vital transaction. FILE PHOTO – A Noble Group sign is pictured at a meet-the-investors event in Singapore August 17, 2015. REUTERS/Edgar Su/File…
NORTHBOROUGH, Mass., April 16, 2018 /PRNewswire/ — Bertucci’s, the casual restaurant known for its authentic Italian foods and signature brick oven pizzas, today announced that it filed voluntary petitions for relief under Chapter 11 in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) with Right Lane Dough Acquisitions, LLC serving as…
April 16th, 2018 Jason Jiang Europe, Offshore 0 comments Dutch owner Vroon has reached an in principal agreement with its lenders regarding the terms of its financial restructuring. The company believes the agreement is an important step forward towards the finalisation of its financial restructuring, having been in discussion…
French telecoms tycoon Xavier Niel Photo: Christophe Morin/Bloomberg Eir restructure tipped to follow Swiss model Independent.ie Eir’s new French billionaire owner could model his restructuring of the telecoms company on a radical plan already undertaken by his company in Switzerland, it is understood. https://www.independent.ie/business/jobs/eir-restructure-tipped-to-follow-swiss-model-36807400.html https://www.independent.ie/incoming/article36807739.ece/5b4a6/AUTOCROP/h342/P1.eire.jpg Email Eir’s new French billionaire owner could model his restructuring…