Brief: Akumin Inc. Reaches Agreement With Stonepeak To Become A Private Company

Akumin

20/10/2023 22:02

Oct 20 (Reuters) - Akumin Inc  AKU.O :
    * AKUMIN INC. REACHES AGREEMENT WITH STONEPEAK TO BECOME A
PRIVATE
COMPANY
    * AKUMIN INC - FINANCIAL RESTRUCTURING TO FORTIFY BALANCE
SHEET
AND PROVIDE LIQUIDITY RUNWAY FOR NEXT STAGE OF GROWTH
    * AKUMIN INC - BUSINESS WILL CONTINUE TO OPERATE AS USUAL
WITHOUT
INTERRUPTION
    * AKUMIN INC - TRANSACTION WILL BE IMPLEMENTED THROUGH
PREPACKAGED
COURT-SUPERVISED PROCESS; EXPECTED TO OBTAIN COURT APPROVAL
WITHIN NEXT 45 DAYS
    * AKUMIN - TO EFFECT TRANSACTION, COMPANY AND CERTAIN OF ITS
SUBSIDIARIES WILL COMMENCE PREPACKAGED CHAPTER 11 CASES IN
SOUTHERN DISTRICT OF TEXAS

Source text for Eikon:  ID:nCNW3Sql2a 
Further company coverage:  AKU.O