Stocks to Watch: Rite Aid, Southwest Gas, Vaccinex
By Ben Glickman Rite Aid is negotiating a bankruptcy plan which would involve closing roughly 400 to 500 stores, The Wall Street Journal reported Friday....
Source: marketwatch.com
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Home REIT Tenant in Liquidation Surrenders Leases on 146 Properties
By Joe Hoppe Home REIT said that Redemption Project CIC has agreed to surrender its leases on 146 properties, equating to around 6% of Home REIT's portfolio...
Joe Hoppe Mears Ltd Community Accommodation Group Redemption Project Serenity Support Mears Group Has
Source: marketwatch.com
SPAC 26 Capital Acquisition to Liquidate
By Ben Glickman 26 Capital Acquisition Corp. said it will liquidate after it wasn't able to complete a business combination. The Miami-based special-purpose...
Source: marketwatch.com
dharani sugars: Dharani Sugars' promoter gets another chance to win it back
The Supreme Court had stayed a liquidation order of the sugar maker given by the National COmpany Law Tribunal (NCLT). The National Company Law Appellate Tribunal, too, had upheld the NCLT order. Lenders did not receive any counteroffer for the ₹222.5 crore binding offer by NARCL, which triggered a Swiss challenge auction held on September 18.
Tamil Nadu Palanig Periasamy Sugar Development Fund National Asset Reconstruction Company National Company Law Tribunal National Company Law Appellate Tribunal
Source: indiatimes.com
FedEx earnings: How much did troubles at UPS and Yellow help boost revenue?
How FedEx performed in its first quarter could have a lot to do with some bad things that happened to a couple of the package delivery company's competitors.
Christian Wetherbee Ken Hoexter Evercore Chappell Jonathan Chappell How Fedex Corp United Parcel Service Inc
Source: marketwatch.com
Stitch Fix Shares Rise 14% After Decision to Wind Down U.K. Operations
By Jeffrey T. Lewis Stitch Fix shares rose 14% after the online personal styling services company said it plans to shut down its operations in the U.K. by...
Jeffreyt Lewis San Francisco Based Article Normal Retail Wholesale Clothing Retail Specialty Retailing
Source: marketwatch.com
Fresh Tracks Therapeutics Plans to Liquidate, Shares Surge 43%
By Stephen Nakrosis Shares of Fresh Tracks Therapeutics rose in Tuesday's after-hours market following the news that its board has approved a plan to...
Stephen Nakrosis Fresh Tracks Therapeutics Article Normal Biotechnology Services Healthcare Life Sciences Corporate Strategy Planning
Source: marketwatch.com
NCLT orders liquidation of Overnite Express
The NCLT stated that the resolution plan was submitted under the assumption that the company is classified as a micro, small, and medium enterprise (MSME), but determined that the promoters of the company are barred from submitting a resolution plan under the Insolvency and Bankruptcy Code (IBC). The NCLT also criticized the resolution professional for obtaining an MSME certificate to allow the entry of the defaulting promoters into the company.
Source: indiatimes.com
Why the Twinkie Is Now Worth Billions
The strategy changes and shifts in snacking habits that brought Hostess from bankruptcy (twice) to a $4.6 billion deal
Source: wsj.com
Zomato's ₹2.2 lakh Slovakia subsidiary starts liquidation process
Zomatos subsidiary in the slovak republic has initiated the process of liquidation the food delivery startup said in an exchange filing the subsidiary named zomato slovakia has zero turnover and a net worth of 22 lakh zomato said the dissolution of zomato slovakia wont affect the revenue of zomato the filing stated
Source: inshorts.com