LSC’s sale to Atlas Holdings has been approved by the bankruptcy court. An affiliate of Atlas Holdings, with support from LSC’s secured creditors, will acquire substantially all of the company’s assets, according to this morning’s press release. The transaction is expected to close during the fourth quarter of 2020, subject to closing conditions, including regulatory approvals. LSC ceo Thomas J. Quinlan III said, “We are confident that through this partnership with Atlas, LSC will be uniquely well-positioned to strengthen and grow our market-leading position and provide our customers with the same high standards of quality, reliability and innovation,” and thanks employees […]
