Inactive Instrument

GUE Liquidation Companies, Inc.

Equities

Notice of Auction Results Filed by FTD Companies, Inc.

August 01, 2019 at 12:00 am EDT

FTD Companies, Inc. filed a notice for the selection of Successful Bidder in the US Bankruptcy Court for the sale of substantially all its assets relating to Gourmet Foods on August 1, 2019. As a result of the auction conducted on July 31, 2019, SBGF Acquisition, LLC has been selected as the winning bidder for the sale of debtor’s Gourmet Foods assets. The debtor’s assets include FTD Assets and the Restructured ProFlowers Business. The debtor seeks the Court’s approval for the sale of substantially all of the assets to SBGF Acquisition, LLC for purchase price of $20.50 million, pursuant to the asset purchase agreement, dated July 31, 2019. The buyer shall make good-faith deposit in the amount of $1.30 million of the bid price. Farids & Co. LLC with a purchase price of $12.50 million, has been designated as back-up bidder. The sale hearing to consider approval of the successful Bid APA is scheduled for August 9, 2019. The transaction is expected to close on August 26, 2019. The debtor is represented by Kimberly C. Petillo-Decossard of Cahill Gordon & Reindel LLP as legal counsel.

Latest news about GUE Liquidation Companies, Inc.

FTD Companies, Inc. has Changed its Name to GUE Liquidation Companies, Inc	19-12-30	CI
GUE Liquidation Companies, Inc. Went Out of Business	19-12-29	CI
First Amended Joint Liquidation Plan Approved for GUE Liquidation Companies, Inc.	19-12-19	CI
Second Motion for Exclusivity Period Extension Approved For FTD Companies, Inc.	19-12-15	CI
Disclosure Statement Approved for FTD Companies, Inc.	19-10-28	CI
Motion for Exclusivity Period Extension Approved For FTD Companies, Inc.	19-10-22	CI
First Amended Joint Liquidation Plan and Disclosure Statement Filed by FTD Companies, Inc.	19-10-20	CI
First Motion for Exclusivity Period Extension Filed by FTD Companies, Inc.	19-09-30	CI
Joint Liquidation Plan and Disclosure Statement Filed by FTD Companies, Inc.	19-09-18	CI
Motion for De Minimis Asset Sale Approved for FTD Companies, Inc.	19-08-28	CI
FTD Companies, Inc. Announces Management Changes	19-08-20	CI
Motion for Asset Sale Filed by FTD Companies, Inc.	19-08-09	CI
Motion for Asset Sale Approved for FTD Companies, Inc.	19-08-09	CI
PlanetArt completed the acquisition of Provide Creations, Inc from FTD Companies, Inc. (OTCPK:FTDC.Q).	19-08-01	CI
Notice of Auction Results Filed by FTD Companies, Inc.	19-08-01	CI
Notice of Auction Results Filed by FTD Companies, Inc.	19-08-01	CI
Motion for Asset Sale Approved for FTD Companies, Inc.	19-08-01	CI
Notice for Auction Cancellation Filed by FTD Companies, Inc.	19-07-19	CI
Final DIP Financing Approved for FTD Companies, Inc.	19-07-02	CI
Stalking Horse Bid Agreement Approved for FTD Companies, Inc.	19-07-02	CI
Stalking Horse Bid Agreement Approved for FTD Companies, Inc.	19-07-02	CI
Stalking Horse Bid Agreement Approved for FTD Companies, Inc.	19-07-02	CI
Bidding Procedure Approved for FTD Companies, Inc.	19-07-02	CI
Bidding Procedure Approved for FTD Companies, Inc.	19-06-25	CI
Nantahala Capital Provides Information to Shareholders of GUE Liquidation	19-06-17	CI

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Company Profile

GUE Liquidation Companies, Inc., formerly FTD Companies, Inc. (FTD), is a floral and gifting company. The Company operates through Consumer, Florist and Provide Commerce segments. Through its Consumer segment, FTD is a direct marketer of floral and gift products for consumers, primarily in the United States and Canada. Through its Florist segment, the Company is a provider of products and services to its floral network members, which include traditional retail florists and other non-florist retail locations, primarily in the United States and Canada. Through its Provide Commerce segment, FTD is a direct marketer of floral and gift products, including specialty foods, personalized gifts and other gifting products for consumers, primarily in the United States.

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