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BRIEF-Casa Systems Co,Some Units Entered Into Asset Purchase Agreement With Lumine Providing For Sale And Purchase Of Debtors' Cloud/Ran Apa Assets
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BRIEF-Casa Systems Co,Some Units Entered Into Asset Purchase Agreement With Lumine Providing For Sale And Purchase Of Debtors' Cloud/Ran Apa Assets
Apr 3, 2024 2:03 PM

April 3 (Reuters) - Casa Systems Inc ( CASA ):

* CASA SYSTEMS ( CASA ): CO,SOME UNITS ENTERED INTO ASSET PURCHASE

AGREEMENT WITH LUMINE PROVIDING FOR SALE AND PURCHASE OF

DEBTORS' CLOUD/RAN APA ASSETS

* CASA SYSTEMS ( CASA ): LUMINE AGREED TO PURCHASE TRANSFERRED ASSETS

AND

ASSUME ASSUMED LIABILITIES FROM CO, SOME UNITS FOR $15 MILLION

* CASA SYSTEMS ( CASA ): CO, SOME UNITS GOT INTO "STALKING HORSE"

ASSET

PURCHASE DEAL WITH VECIMA

* CASA SYSTEMS ( CASA ): "STALKING HORSE" ASSET PURCHASE AGREEMENT

FOR SALE

AND PURCHASE OF SOME ASSETS RELATED TO DEBTORS' CABLE AND

BROADBAND BUSINESS UNITS

* CASA SYSTEMS ( CASA ): VECIMA AGREED TO ACQUIRE TRANSFERRED ASSETS

AND

ASSUME ASSUMED LIABILITIES FROM CO, SOME UNITS FOR $20 MILLION

* CASA SYSTEMS INC ( CASA ): WILL CONTINUE TO OPERATE ITS BUSINESS AS

A

"DEBTOR IN POSSESSION" UNDER JURISDICTION OF BANKRUPTCY COURT

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