PGW Offer Formalized The deal we originally reported on January 12 for Perseus to take over the contracts of most PGW clients has now been formalized, pretty much following the terms we outlined at the time (including the lengthy transition period). Announced/confirmed today, the parties indicate: “The agreement will substantially reduce the claims against the PGW chapter 11 estate while providing the opportunity for PGW clients to continue to receive distribution services and payments they need to continue operating. AMS will file a motion with the bankruptcy court early this week outlining the proposed deal in more detail and seeking […]
