Quebec · CCAA
Mémoire du Contrôleur, Ernst & Young Inc., daté du
Court officer report · 29 June 2018 · French
Also filed as: Monitors Memorandum, Ernst & Young Inc
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- cash on handas at: 2016-03-12 · amount: 7118353 · currency: CAD · qualifier: approximately $7.1 million
- closing confirmedscope: the Primero APA (Redemption Gaming Assets) · outcome: completed · effective: 2016-12-30 · date basis: stated · approval order date: 2016-12-22; scope: the APA (Purchased Assets) · outcome: completed · effective: 2017-02-06 · date basis: stated · approval order date: 2016-06-23
- operational summaryBluberi continues operating while pursuing a going-concern sale of its entire business to Callidus through the Sale Solicitation Process, with the Monitor recommending the Callidus offer as the Successful Offer and Bluberi seeking a further CCAA stay extension to finalize the transaction.
- process resultsndas: 14 · note: twenty-eight (28) Potential Bidders declined participation; Fourteen (14) Confidentiality Agreements were signed by Potential Bidders
- purchaserCallidus Capital Corporation; Primero
- report date28 March 2016
- report noFourth Report of the Monitor
- sale outcometext: closing of the APA occurred, transferring assets to the Purchasers · scope: whole_business · status: closed