Chapter 19 - The $92 million deal dies

Dane Secure Logistics could not be sold under the original agreement.
Diligence uncovered:
Compliance failures.
Undisclosed exposure from foundation shipments.
Several contracts tied to people under investigation.
The company itself remained viable.
Legitimate clients still needed transport.
A third-party buyer eventually purchased selected assets for:
$54 million.
Far below Clarissa’s expected transaction value.
Creditors were paid under negotiated priorities.
Employees largely kept jobs under the buyer.
Clarissa’s estate proceeds were substantially reduced.
I did not acquire the company.
May you like
Good.
Some deals should stay dead.