Through Phoenix’s actions, a Creditors Committee is able to extract a 10% premium from a stalking horse bidder during a bankruptcy proceeding.
Phoenix’s client was the Creditors Committee during bankruptcy proceedings for a manufacturer of machine tools.
The Committee was concerned about its interests during bankruptcy and wished to validate the information pertaining to a stalking horse “363 Sale.”
Phoenix was engaged to represent the Creditors Committee with regard to a stalking horse bid. Through Phoenix’s actions, the Committee was able to extract a 10% premium from the stalking horse bidder.
Primary Industry
Secondary Industry
Primary Services