Casa Systems Shares Slide Premarket After Chapter 11 Filing

Dow Jones

2024/04/03

Canada's Lumine Group is publicly traded. "Casa Systems Shares Slide Premarket After Chapter 11 Filing," at 7:34 a.m. ET, incorrectly said Lumine is privately held.

(END) Dow Jones Newswires

April 03, 2024 12:13 ET (16:13 GMT)

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Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Casa Systems Shares Slide Premarket After Chapter 11 Filing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCasa Systems Shares Slide Premarket After Chapter 11 Filing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-04-03 19:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  Canada's Lumine Group is publicly traded. \"<a href=\"https://laohu8.com/S/CASA\">Casa Systems</a> Shares Slide Premarket After Chapter 11 Filing,\" at 7:34 a.m. ET, incorrectly said Lumine is privately held. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 03, 2024 12:13 ET (16:13 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"C04.SI","symbol_name":"家善控股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2424816409","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424816409","pubTimestamp":1712144040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Casa Systems tumbled in premarket trading Wednesday after the company said it filed for chapter 11 bankruptcy with a pair of deals in place to sell its businesses.Casa shares, which closed Tuesday at around 26 cents, were recently down 22% to 20 cents in premarket trading.Casa on Wednesday said Canada's Vecima Networks has agreed to serve as the stalking horse, or lead bidder in a court-supervised auction for the Andover, Mass., company's cable business.Vecima said it has bid $20 million for the assets, and that it is targeting an early June closing if the bid is successful.Casa also said it has agreed to sell its 5G mobile core and RAN businesses to privately held Lumine Group, and that it is seeking approval from the bankruptcy court to complete the sale by the end of the month.Casa said it has experienced a significant decline in revenue and profits amid industrywide downward capital investment and procurement trends in the cable and telco markets.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"C04.SI":"家善控股","BK6505":"周期性消费品与消费者服务","BK4020":"通信设备","BK6071":"经销商"},"translate_title":"Casa Systems在申请破产保护后股价在上市前下滑","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CASA":1,"C04.SI":1},"content_text":"Canada's Lumine Group is publicly traded. \"Casa Systems Shares Slide Premarket After Chapter 11 Filing,\" at 7:34 a.m. ET, incorrectly said Lumine is privately held. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 03, 2024 12:13 ET (16:13 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}