XBP Europe Holdings Inc. announced that a subsidiary has entered into a Membership Interest Purchase Agreement to acquire Exela Technologies BPA, LLC and its subsidiaries, collectively known as the BPA Group. The acquisition, set for a nominal consideration of $1.00, involves Exela Technologies' American and Asian operating businesses, which are currently undergoing Chapter 11 bankruptcy proceedings. The transaction is contingent on several conditions, including approval from the bankruptcy court and other procedural contributions, all of which must be completed by July 14, 2025. If the BPA Group does not exit bankruptcy by August 7, 2025, the parties have agreed to rescind the transaction unless an extension is agreed upon. XBP has also entered into a Transaction Support Agreement with the debtors, committing to support the restructuring efforts as outlined in the Debtors' Plan of Reorganization.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。