Bullboard - Stock Discussion Forum Diversified Royalty Corp T.DIV

Alternate Symbol(s): BEVFF | T.DIV.DB.A

Consumer Cyclical Auto & Truck Dealerships

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. The Company owns Mr. Lube, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademark. Mr. Lube is the quick lube service business in Canada, with locations... see more

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Diversified Royalty Corp > Loyalty ventures chapter 11

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Post by 2021Gamble on Mar 10, 2023 8:26am

Loyalty ventures chapter 11

Loyalty Ventures Files for Bankruptcy, to Delist From Nasdaq; Shares Plunge Pre-Bell

10 Mar 2023 07:57 ET

07:57 AM EST, 03/10/2023 (MT Newswires) -- Loyalty Ventures (LYLT) said Friday that it and certain of its subsidiaries filed chapter 11 bankruptcy petitions in the US Bankruptcy Court for the Southern District of Texas.

Additionally, Canadian subsidiary LoyaltyOne has sought protection under the companies' creditors arrangement act with the Ontario Superior Court of Justice.

Loyalty Ventures also said it plans to voluntarily delist from the Nasdaq Global Select Market.

Shares of Loyalty Ventures were tumbling 55% in premarket trading.

Price: 0.26, Change: -0.32, Percent Change: -54.94

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