RE: KSV Advisory - New Documents Added26 Apr 2024 12:23
Crikey I missed this thanks Stas will take a look at the flyer. Also on 8/4 he said to a shareholder apparently 160 sent but affadavit says 137 - why? IMHO DYOR
From the email to a shareholder 8/4/2024
‘We have undertaken extensive reach out efforts including sending over 160 teasers to both strategic and financial potential buyers and the data set is robust for potential purchasers ‘
From the court docs submitted 18/4/2024
‘15. Promptly following the granting of the SISP Order, the Applicants reached out to 137 different parties to solicit interest in the SISP. When reaching out to such parties, the Applicants provided a teaser letter, a copy of the SISP Order and a form of NDA, along with a summary of the proceedings and link to the Monitor’s website. A copy of the teaser letter is attached as Exhibit “E” hereto. Potential bidders were identified by the Applicants and the Financial Advisor, in consultation with the Monitor, through: (a) (b) (c)
16. extensive research on industry participants, consisting of both financial and strategic parties; discussions with the Applicants’ management and board of directors (the “Board”); and inbound inquiries, both prior to and during these CCAA proceedings, received directly and through the Monitor. ‘