Loading...
Market
Will Tupperware resume open-market auction of its assets by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Tupperware, financial news outlets
Story
Bankrupt Tupperware Agrees to $23.5M Lender Takeover, $63M Debt Relief, Cancels Auction
Oct 22, 2024, 07:25 PM
Bankrupt Tupperware Brands has agreed to sell its business to a group of lenders for $23.5 million in cash and over $63 million in debt relief. This decision cancels the company's plans for an open-market auction of its assets. The agreement, reached on Tuesday, comes after Tupperware filed for bankruptcy protection last month with $818 million in debt and a plan to find a buyer within 30 days. The deal ends a monthlong dispute that risked the liquidation of the iconic company. A judge's intervention helped Tupperware avoid liquidation.
View original story
Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Private Equity Firm • 25%
Competitor in the same industry • 25%
Diversified Conglomerate • 25%
Other • 25%
Acquired by another company • 25%
Reorganizes and continues independently • 25%
Liquidates assets and ceases operations • 25%
Other • 25%