Così Seeking Qualified Bidders in Sale

October 11, 2016

Image Caption: 
Image Credit: 
During 2016, the company had severe cash flow problems.
Exclusive Brief: 

Così, Inc. announced that the company is aggressively seeking qualified bidders who may have an interest in purchasing substantially all of its assets in a sale process under Section 363 of the Bankruptcy Code. The company also announced that the bidding procedures and sale schedule, which are pending approval of the Bankruptcy Court, will be available on or about October 20, and that all bids must be received by November 14.