Key US defense contractor liquidates in Chapter 11 bankruptcy
Yahoo Finance·2025-10-23 08:33
Some of the company's assets were purchased by a SpaceX subsidiary. Its remaining assets are being liquidated under the Chapter 11 bankruptcy filing. Shareholder equity was wiped out. Just because a company enters bankruptcy with a plan does not mean things will go the way executives filing for Chapter 11 bankruptcy hope. In many cases, vendors who agreed to an initial deal demand changes or drop out altogether. Sometimes there's a stalking horse offer that gets outbid, and in other cases, the ban ...