SRTX to divest certain assets to AYK International after review

The proposed transaction is subject to court approval and follows a strategic review process that commenced in October last year. In preparation for the agreement, SRTX has filed a Notice of Intention (NOI) to make a proposal under the Bankruptcy and Insolvency Act, with PricewaterhouseCoopers appointed as trustee. The filing aims to establish an orderly procedure for securing court approval of the deal. SRTX intends to seek court approval for the transaction in the coming weeks. A competitive process ...