VNWTF - Why Casa Systems Shares Are Tumbling Today | Benzinga
Casa Systems, Inc. (NASDAQ:CASA) shares are tumbling after the company initiated a court-supervised Chapter 11 sale process to achieve value-maximizing sales of its businesses.
The company filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.
Casa Systems inked an asset purchase agreement to sell its 5G Mobile Core and RAN businesses, including Axyom Cloud Native 5G Core Software & RAN Assets, to Lumine Group (OTC:LMGIF).
The company has asked the Bankruptcy Court for approval to complete ...