Gymboree’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to any term loan deficiency claim in excess of $296 million as well as the motion to determine the value of the term loan deficiency claim. The committee asserts, “As an initial matter, the Term Loan Deficiency Claim is currently unliquidated,…

According to a corporate release, Sempra Energy announced an agreement to acquire Energy Future Holdings (EFH), the indirect owner of 80% of Oncor Electric Delivery Company (Oncor). Under the agreement, Sempra Energy will pay approximately $9.45 billion in cash to acquire EFH and its ownership in Oncor. The enterprise value of the transaction is approximately…

The U.S. Bankruptcy Court issued an order approving the asset purchase agreement and authorizing the sale of assets of the Debtors outside the ordinary course of business, authorizing the sale of assets free and clear of all liens, claims, encumbrances and interests, and authorizing the assumption and sale and assignment of certain executory contracts and…

The U.S. Bankruptcy Court issued an order approving on an interim basis, Hampshire Group and the official committee of unsecured creditors’ First Amended Disclosure Statement and concurrently scheduling a combined hearing on final approval of the disclosure statement and confirmation of the First Amended Joint Chapter 11 Plan of Liquidation. As previously reported, “The Plan…

Roquette Freres, S.A. filed with the U.S. Bankruptcy Court an objection to Terravia Holdings’ motion approving bidding procedures for sale of Debtor’s assets, approving stalking horse bid protections, scheduling auction for and a hearing to approve, and sale of Debtor’s assets. The objection asserts, “Debtors’ form of NDA categorically denies access to confidential information to…

Ciber filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the disclosure statement, “The primary objective of the Plan is to maximize the value of recoveries to all Holders of Allowed Claims and Allowed Interests and to distribute all property of the Estates that is or…

Hampshire Group and the official committee of unsecured creditors filed with the U.S. Bankruptcy Court a First Amended Joint Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the disclosure statement, “The Plan contemplates the substantive consolidation of the Debtors’ Estates into a single Estate for all purposes associated with Confirmation and Consummation….

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