Shares of School Specialty (SCHS) fall 72% after the company enters into an asset purchase...


Shares of School Specialty (SCHS) fall 72% after the company enters into an asset purchase agreement with an affiliate of Bay Capital which will includes it filing for Chapter 11 bankruptcy. The sale is subject to a court-supervised auction to see if a higher offer is made.

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Comments (1)
  • ups stew
    , contributor
    Comments (3) | Send Message
     
    This stock will bounce back. It will be over $1.50 in two months.
    28 Jan 2013, 03:59 PM Reply Like
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