Thomas J. Salerno Discusses the Acquisition of Bankrupt Companies in CFO Dive Article
Stinson LLP Partner Thomas J. Salerno is featured in a CFO Dive article, titled "Acquisition of bankrupt companies poised to surge this year." The article discusses the advantage to buying a business while it's in bankruptcy.
"The opportunities of bankruptcy strategic acquisitions are incredible," Salerno said. "Whether the acquisition is seen as a pure financial play or the chance for a vertical or horizontal integration, there are advantages to buying a company once it’s going through bankruptcy."
In addition to detailing benefits of buying a business once it's going through bankruptcy, the article discusses how to scope out and identify business bankruptcies, turnaround opportunity, ways to be most effective when acquiring assets from a company in bankruptcy as well as potential downsides.
Salerno helps private and publicly-traded companies in a broad range of industries continue operations as they negotiate restructuring plans. He has advised lenders, distressed companies, committees and asset acquirers in bankruptcies and out-of-court settlements. Salerno works with a global roster of clients from an array of industries, including casinos, hotels, real estate, sports, tech, power generation, agribusiness, construction, health care, manufacturing, airlines and franchising.
Read the full article.