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Shares of struggling drug developer Sarepta Therapeutics skyrocketed nearly 40% in extended trading Wednesday after the company unveiled a major restructuring plan.
The bankruptcy of Marelli, a key automotive component supplier, marks a significant fallout from the new tariffs imposed by Donald Trump's administration.
The restructuring support agreement also outlines a plan for the lenders to assume ownership of Marelli upon its emergence from Chapter 11, following a 45-day overbid process.
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Marelli goes bankrupt; Blame Trump's tariffs - MSNMarelli files for U.S. bankruptcy, citing Trump-era tariffs and supply chain strain impacting clients like Nissan and Stellantis.
Marelli Holdings Co., the struggling auto parts supplier for Stellantis NV, Nissan Motor Co. and other carmakers, plans to seek Chapter 11 bankruptcy protection in the U.S. to slash its debt ...
KKR’s Marelli blames tariffs and lingering supply-chain issues stemming from the Covid-19 pandemic for its descent into chapter 11.
Kirkland & Ellis LLP is serving as legal counsel to Marelli. PJT Partners Inc. is serving as financial advisor and Alvarez & Marsal LLC is serving as restructuring advisor to Marelli.
Marelli Holdings, the struggling auto parts supplier for Nissan and Stellantis, plans to seek Chapter 11 bankruptcy protection in the U.S. to slash its debt burden and restructure.
Marelli Holdings Co Ltd, a Saitama, Japan-headquartered multinational automotive parts manufacturer with more than 50 manufacturing facilities across the world, will expand its engineering team ...
Reaches Restructuring Support Agreement ("RSA") with Approximately 80% of Lenders Secures Commitment of $1.1 Billion in Debtor-in-Possession ("DIP") Financing from Lenders 100% of Secured Debt to ...
Marelli plans to unveil software-defined vehicle tech at Auto Shanghai 2025 Marelli will introduce new ProZone unit, an interactive SDV configurator, and AI-powered vehicle assistant MyAvatar.
Marelli Holdings Co., the struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, plans to seek Chapter 11 bankruptcy protection.
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