Ontario · CCAA
The purpose of this Twenty-Sixth Report of the Monitor (the "Twenty-Sixth Report") is to provide information regarding the Applicants' motion seeking approval of a sale of Nortel's Next Generation Packet Core research and development activities (the "NG-PC Business") pursuant to a transaction agreement dated October 25, 2009 (the "Transaction Agreement"), amongst NNL, NNI ( collectively, the "Sellers") and Hitachi, Ltd.("Hitachi" or the "Purchaser") and certain other transaction documents (collectively, the "Successful Bid"), and to provide the Monitor's support thereof
Court officer report · 26 October 2009
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What we verified from this filing3 verified
- process resultsbids: 1 · solicited: 34 · qualified bids: 1
- purchaserHitachi, Ltd.
- sale outcometext: Monitor recommends approval of the Successful Bid with Hitachi and vesting of the Assets, hearings scheduled for October 28, 2009 · scope: ancillary · status: pending_approval