April 3 (Reuters) - Casa Systems Inc ( CASA ):
* CASA SYSTEMS INITIATES COURT-SUPERVISED CHAPTER 11 SALE
PROCESS
FOR BUSINESSES
* CASA SYSTEMS INC ( CASA ) - COMPANY HAS ENTERED INTO AN ASSET
PURCHASE
AGREEMENT TO SELL ITS 5G MOBILE CORE AND RAN BUSINESSES
* CASA SYSTEMS INC ( CASA ): ENTERED INTO A STALKING-HORSE ASSET
PURCHASE
AGREEMENT TO SELL ITS CABLE BUSINESS TO AN AFFILIATE OF VECIMA
NETWORKS
* CASA SYSTEMS INC ( CASA ): CO HAS ASKED BANKRUPTCY COURT FOR
APPROVAL TO
COMPLETE TRANSACTION BY END OF APRIL
* CASA SYSTEMS INC ( CASA ): ASKED BANKRUPTCY COURT TO APPROVE
PROCEDURES
FOR SOLICITING ADDITIONAL BIDS AND TO SET AN AUCTION FOR
MID-MAY.
* CASA SYSTEMS INC ( CASA ) - COMPANY'S NETCOMM BUSINESS IS NOT
INCLUDED
IN U.S. CHAPTER 11 PROCESS
* CASA SYSTEMS INC ( CASA ) - IN CONNECTION WITH SALE PROCESS,
COMPANY
ENTERED A RESTRUCTURING SUPPORT DEAL WITH MORE THAN 98% OF ITS
SENIOR SECURED LENDERS
* CASA SYSTEMS INC ( CASA ): CASA'S INTERNATIONAL SUBSIDIARIES ARE
NOT
DEBTORS IN CHAPTER 11 FILING
* CASA SYSTEMS INC ( CASA ): INTERNATIONAL SUBSIDIARIES WILL CONTINUE
TO
OPERATE IN ORDINARY COURSE PENDING CLOSING OF SALES
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