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09-11-2013, 09:19
MSD Files for Voluntary Chapter 11 Bankruptcy
MSD performance owns Edge Products, Superchips, and other lines under the Powerteq brand.
El Paso, Texas-based MSD Performance and its U.S. subsidiaries have initiated a voluntary Chapter 11 process in U.S. Bankruptcy Court for the District of Delaware to address liquidity needs and facilitate a restructuring.
Through the Chapter 11 filing, MSD Performance is seeking to preserve continuity for its customers, employees and business partners to the greatest extent possible while it continues discussions with potential buyers to secure the best outcome for its businesses, according to a press release posted on the MSD website (http://www.msdignition.com/default.aspx?id=17393&blogid=429).
Read more: http://performancebiz.com/news/msd-files-for-voluntary-chapter-11-bankruptcy
MSD performance owns Edge Products, Superchips, and other lines under the Powerteq brand.
El Paso, Texas-based MSD Performance and its U.S. subsidiaries have initiated a voluntary Chapter 11 process in U.S. Bankruptcy Court for the District of Delaware to address liquidity needs and facilitate a restructuring.
Through the Chapter 11 filing, MSD Performance is seeking to preserve continuity for its customers, employees and business partners to the greatest extent possible while it continues discussions with potential buyers to secure the best outcome for its businesses, according to a press release posted on the MSD website (http://www.msdignition.com/default.aspx?id=17393&blogid=429).
Read more: http://performancebiz.com/news/msd-files-for-voluntary-chapter-11-bankruptcy