Dynata Receives Court Approval for Prepackaged Financial Restructuring Plan [Yahoo! Finance]
Citigroup, Inc. (C)
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Source: Yahoo! Finance
Dynata to receive $50 million in exit financing - New Equity Owners have provided $81.5 million in total financing Dynata boasts an unrivalled approach to delivering the highest quality, reliable, accurate consumer insights data worldwide Dynata plan was court approved without the need for a formal confirmation hearing - which is a strong endorsement of the Company's emergence plan SHELTON, Conn. July 2, 2024 /PRNewswire/ -- Dynata, LLC ("Dynata" or the "Company"), the most trusted source for reliable, accurate first-party data —announced today that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company's Financial Restructuring Plan. The confirmation hearing comes approximately five weeks after the Company's prepackaged Chapter 11 filing. Mike Petrullo , Chief Executive Officer of Dynata said, "I am delighted that we have achieved this significant milestone, marking another stride towards advancing our business transformation. I deeply appreciate th
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