Brief: Casa Systems Co,Some Units Entered Into Asset Purchase Agreement With Lumine Providing For Sale And Purchase Of Debtors' Cloud/Ran Apa Assets
03/04/2024 21:30
April 3 (Reuters) - Casa Systems Inc CASA.O :
* CASA SYSTEMS: CO,SOME UNITS ENTERED INTO ASSET PURCHASE
AGREEMENT WITH LUMINE PROVIDING FOR SALE AND PURCHASE OF
DEBTORS' CLOUD/RAN APA ASSETS
* CASA SYSTEMS: LUMINE AGREED TO PURCHASE TRANSFERRED ASSETS
AND
ASSUME ASSUMED LIABILITIES FROM CO, SOME UNITS FOR $15 MILLION
* CASA SYSTEMS: CO, SOME UNITS GOT INTO "STALKING HORSE"
ASSET
PURCHASE DEAL WITH VECIMA
* CASA SYSTEMS: "STALKING HORSE" ASSET PURCHASE AGREEMENT
FOR SALE
AND PURCHASE OF SOME ASSETS RELATED TO DEBTORS' CABLE AND
BROADBAND BUSINESS UNITS
* CASA SYSTEMS: VECIMA AGREED TO ACQUIRE TRANSFERRED ASSETS
AND
ASSUME ASSUMED LIABILITIES FROM CO, SOME UNITS FOR $20 MILLION
* CASA SYSTEMS INC: WILL CONTINUE TO OPERATE ITS BUSINESS AS
A
"DEBTOR IN POSSESSION" UNDER JURISDICTION OF BANKRUPTCY COURT
Source text for Eikon: ID:n0001193125-24-085992
Further company coverage: CASA.O
((Reuters.Briefs@thomsonreuters.com;))
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Brief: Casa Systems Co,Some Units Entered Into Asset Purchase Agreement With Lumine Providing For Sale And Purchase Of Debtors' Cloud/Ran Apa Assets
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