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Invitae gets court approval for five-month bankruptcy sale

Invitae Corp received court approval on Thursday to run a five-month bankruptcy sale process, allowing the genetic testing company to find a buyer and exit from Chapter 11 by late July. U.S. Bankruptcy Judge Michael Kaplan approved the Softbank-backed company's proposed bid procedures at a court hearing in Trenton, New Jersey, setting an April 10 deadline for initial bids and scheduling an auction for April 17. Invitae, which filed for bankruptcy protection on Tuesday, intends to seek court approval of the sale on May 6 and expects to close the transaction by July 21.

Invitae gets court approval for five-month bankruptcy sale

Invitae Corp received court approval on Thursday to run a five-month bankruptcy sale process, allowing the genetic testing company to find a buyer and exit from Chapter 11 by late July. .

Time Has Come for Special Masters to Streamline Bankruptcy Cases | Bracewell LLP

Rite Aid Hires Liquidators While Talks With Possible Buyers Drag On

(Bloomberg) Bankrupt pharmacy chain Rite Aid Corp. hired liquidators at the request of company lenders even as the retailer continues negotiating with at least two potential buyers, a person familiar with the chain’s revival efforts said. Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetTrump Cash Stockpile at Risk From $450 Million Dual VerdictsBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersAmazon Drops iRobot Deal; Roomba Maker

Rite Aid Hires Liquidators While Talks With Possible Buyers Drag On

Rite Aid Hires Liquidators While Talks With Possible Buyers Drag On
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