Ontario · NOI
First Report of the Proposal Trustee dated June 1, 2023
Court officer report · 1 June 2023
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What we verified from this filing12 verified
- appointeeKPMG Inc.
- appointee roleProposal Trustee
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file no31-2946538
- provinceONTARIO
- applicantDecisionOne Corporation
- commencement date19 May 2023
- statutory basissubsection 50.4(1) of the Bankruptcy and Insolvency Act (Canada)
- process resultslois: 6 · ndas: 2 · note: Pre-filing solicitation efforts resulted in six letters of intent that did not progress; as of the First Report two parties executed NDAs in the current process · as of: 2023-06-01
- purchaserSTC Lender LP
- sale outcometext: Stalking horse agreement negotiated and sale process proposed; not yet closed · scope: whole_business · status: process_approved
- stalking horseSTC Lender LP (3000000)