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Pro
I’ve never even heard of that, what’s a receivership?
Receivership = company bankruptcy. The receiver sells the company off for spare parts.
Pro
VP CD that’s not really what happened. This wasn’t a breakup or liquidation, it was a debt restructuring where the lenders took control after the company couldn’t service its loans. The business itself is still intact, and they’ll likely stabilize it and potentially combine it with another portfolio company rather than “sell it for parts.” That said I won’t be here for that. 😉