My partner was informed last week that her publicly traded company is shutting down, and from my current understanding there was no buy out/merger or bankruptcy filing. Shareholders didn’t vote on it and it is not a single majority owned company (over half company owned by individuals or public companies). I’d like to know the scenarios in which this could happen.
In: Economics
When you don’t have the cash to continue operations AND you are unable to raise that cash AND you can’t find a buyer for the company, shutting down is not a choice. There is no vote or alternative option.
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