Category Archives: Liquidation

Takeda Announces Subsidiary Liquidation and Merger Completion

https://www.tipranks.com/news/company-announcements/takeda-announces-subsidiary-liquidation-and-merger-completion Takeda Pharmaceutical Company ( (TAK) ) has shared an update. Takeda Pharmaceutical Company has submitted an extraordinary report detailing its decision to dissolve its specified subsidiary, Shire Pharmaceuticals International Unlimited Company, through liquidation. This move results in a significant change in the voting rights structure, marking the completion of a merger process where Takeda…

Directors ‘immense sorrow’ as IBTC Limited faces liquidation

Regional insolvency and business recovery specialists McTear Williams & Wood said IBTC Limited – the company trading as International Boatbuilding Training College – will close its doors with effect from today. It will see 11 staff being made redundant at the college at Oulton Broad with its assets being sold off in the new year. In a statement…

Drinks giant Coca-Cola to acquire alcoholic range of Billson’s brand

Drinks giant Coca-Cola looks set to buy part of the Australian-owned company Billson’s Brewery which was facing liquidation until it received a lifeline from creditors earlier this month.  The company went into voluntary administration in July this year, owing more than $7 million to 142 unsecured creditors.  The business is housed in a 159-year-old brewery…

Parliament committee asks DoT to diversify revenue streams – Technology News

The standing committee on Communications and Information Technology has asked the department of telecommunications (DoT) to diversify its revenue streams from the telecom sector to increase the government’s revenue without burdening the industry excessively. This is because of the fall in growth rate of revenue receipts for DoT projected in FY25 compared to growth in…

Big Lots faces liquidation risk on unpaid rent, inventory value

Big Lots Inc.’s efforts to stay in business are beginning to unravel, putting the discount retailer that employs more than 27,000 people at risk of liquidation, according to court records and people with knowledge of the matter. A valuation appraisal of the bankrupt company’s inventory came in lower than expected, which threatens the economics of…

Big Lots Closing All Stores: Bankruptcy Forces Nationwide Liquidation | WV News

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Big Lots faces liquidation risk on unpaid rent, inventory value

Big Lots Inc.’s efforts to stay in business are beginning to unravel, putting the discount retailer that employs more than 27,000 people at risk of liquidation, according to court records and people with knowledge of the matter. A valuation appraisal of the bankrupt company’s inventory came in lower than expected, which threatens the economics of…