Saskatchewan · NOI
Confidential Third Report
Court officer report · 8 May 2014
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 filing7 verified
- operational summaryThe Companies are in a sale process under NOI proposal proceedings; the Financial Advisor recommends court approval of the 6898662 Beverages LP bid as best realization, expected to preserve about 69 jobs. The Companies have limited liquidity left under the DIP loan facility.
- process resultsbids: 7 · ndas: 21 · note: Six offers for the assets of the Companies and one offer for the assets of ABSL received on the Bid Deadline; 9 management meetings held; two non-binding bids were not Qualified Bids. · as of: 2014-04-30 · solicited: 37 · qualified bids: 5
- purchaser6898662 Beverages LP
- report date8 May 2014
- report noThird Report
- sale advisorPricewaterhouseCoopers Corporate Finance Inc.
- sale outcometext: The Proposal Trustee selected the 689 Offer as the Recommended Bid; Pepsico approved the purchaser as a distributor; the bid is conditional only on Court approval, which the Financial Advisor recommends. · scope: whole_business · status: pending_approval