TORONTO — An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from...
TORONTO — An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada , which is operating under court protection from creditors .
A stalking horse bid is an offer to buy a bankrupt firm or its assets that is arranged ahead of an auction and typically sets a floor price for the assets.The documents say the bid will give lenders a chance to sell the company’s assets in a way that maximizes their value and helps them avoid the risk of them being sold for an unreasonably low price.
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Red Lobster Ontario Court Stalking Horse Protection From Creditors Canada Court Filings Chapter 11 Bankruptcy
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Ontario Superior Court gives OK to Red Lobster Canada sales processAn Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors.
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Ontario Superior Court gives OK to Red Lobster Canada sales processAn Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors.
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Ontario Superior Court gives OK to Red Lobster Canada sales processThe move comes after a U.S. court approved the sales process for the company which launched Chapter 11 bankruptcy proceedings last month.
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Ontario Superior Court gives OK to Red Lobster Canada sales processTORONTO — An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors. The move comes after a U.S.
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Ontario Superior Court gives OK to Red Lobster Canada sales processTORONTO — An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from...
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Ontario court approves sales process for Red Lobster CanadaFILE - Signs for a Red Lobster restaurant are shown in San Bruno, Calif., Tuesday, May 14, 2024. Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering dozens of restaurants.
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