CallawayGolf
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Just to be clear, I fully agree that outside investors funded the merger/acquisition transaction. However, the US reorganization plan based on the Barbell Acquisition plan prepared mainly by Doug and his executive team at AWA, was the only catalyst US had to emerge from bankruptcy. The court, the unsecured creditors and the outside capital investors, and the shareholders of AWA all had to agree to that the merger was a viable pursuit and offered them the greatest return on their investments. No one was lined up to throw more investment dollars at US absent the Barbell plan.
So, in addition to the SEC filings, the other undeniable facts are that 1) the AWA stockholders became the largest block of stockholders in LCC even though AWA was a substantially smaller company by comparison, 2) most of the AWA executive team was retained for the new entity including the Chairman, CEO, President, CFO, CAO, CIO, General Counsel, and a substantial number of other officers of AWA retained their positions while a substantially smaller number of executives of US were retained, and 3) the HQ of the merger entity was transferred to the old AWA HQ. I'm sure there are more examples which simply make no sense if US was the acquirer.
So, in addition to the SEC filings, the other undeniable facts are that 1) the AWA stockholders became the largest block of stockholders in LCC even though AWA was a substantially smaller company by comparison, 2) most of the AWA executive team was retained for the new entity including the Chairman, CEO, President, CFO, CAO, CIO, General Counsel, and a substantial number of other officers of AWA retained their positions while a substantially smaller number of executives of US were retained, and 3) the HQ of the merger entity was transferred to the old AWA HQ. I'm sure there are more examples which simply make no sense if US was the acquirer.