Red Lobster Canada seeks court approval on June 18 for a stalking horse bid from lenders to commence asset sales.
Red Lobster Canada will seek court approval on June 18 for a stalking horse bid from its lenders to commence a sales process for its assets. The bid aims to help lenders sell the company's assets while maximizing their value and avoiding lower-priced sales. The court will "market test" the bid to ensure the best offer is achieved for the business or its assets. Red Lobster Canada operates 27 locations and employs 2,000 people.
June 14, 2024
5 Articles