infolio

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.

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