British Columbia · Foreign recognition (CCAA)
First Report - Information Officer
Court officer report · 12 May 2023
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What we verified from this filing5 verified
- process resultsbids: 2 · ndas: 37 · note: Sales Advisor was in contact with 74 strategic parties and 16 financing parties; 37 strategic and 5 financing parties signed NDAs; on March 24, 2023 Structurlam received unexecuted bids from two parties · as of: 2023-03-24 · solicited: 74
- purchaserMercer International Inc.
- sale advisorStifel, Nicolaus & Company, Incorporated and Miller Buckfire
- sale outcometext: Structurlam selected Mercer as successful bidder and executed the Stalking Horse APA; sale process ongoing pending U.S. and Canadian court approval · scope: whole_business · status: pending_approval
- stalking horseMercer International Inc. (60000000)