Brief: Delta Apparel Inc -Filed Voluntary Petitions Under Chapter 11 Of The United States Bankruptcy Code
01/07/2024 12:37
July 1 (Reuters) - Delta Apparel Inc DLA.A :
* ON JUNE 30, FILED VOLUNTARY PETITIONS UNDER CHAPTER 11 OF
THE
UNITED STATES BANKRUPTCY CODE
* DEBTORS WILL CONTINUE TO OPERATE THEIR BUSINESSES AS
DEBTOR-IN-POSSESSION
* DEBTORS WILL PURSUE STRUCTURED SALE OF THEIR ASSETS
PURSUANT TO
ONE OR MORE COMPETITIVE BIDDING PROCESSES
* ON JUNE 28, CO AND SALT LIFE ENTERED INTO ASSET PURCHASE
AGREEMENT WITH FCM SALTWATER HOLDINGS
* SALT LIFE TRANSACTION FOR TOTAL PURCHASE PRICE OF ABOUT
$28.03
MILLION IN CASH
Source text for Eikon: ID:n0001437749-24-021637
Further company coverage: DLA.A
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