The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of certain assets of Ciber, Inc. on May 2, 2017. The Court approved the sale of debtor’s substantially all of the assets relating to North American business along with 100% of the capital stock in wholly owned non-debtor subsidiary CiberSites India Private Limited through an auction to the highest and best offer at auction. The Court also approved the stalking horse agreement with Capgemini America, Inc. for a purchase price of $50 million plus assumption of certain liabilities. All interested bidder must submit the bids by May 15, 2017. The initial minimum overbid should be at least $1 million more than the initial purchase price plus breakup fee of $1.5 million and expense reimbursement of up to $0.5 million. The auction will take place on May 17, 2017. The sale order hearing will be held on May 19, 2017. The sale would close by May 24, 2017. The stalking horse bidder will deposit cash amount of $5 million into escrow account. The staking horse bidder is entitled to receive a breakup fee of $1.5 million and expense reimbursement of up to $0.5 million in case of termination of agreement. At auction, the subsequent bids in increments of $0.5 million. All interested bidders shall deposit 10% of the purchase price into escrow account.