Argex Titanium Inc. ARGEF

RE:RE:Solicitation Package

[Napoleon001]

A stalking horse offer, agreement, or bid is an attempt by a bankrupt debtor to test the market for the debtor's assets in advance of an auction of them.^[1][2] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction.^[3]

 

 

 

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ProcedureEdit

While entering a stalking horse offer, the debtor can offer bidding protections such as breakup fees to its best bidder before the auction. These incentives enhance the value of the offering for the bidder which might lead to a better price offer before the auction begins. This higher offer is now the starting offer for the auction and may result in benefiting the debtor and its estate.

courtesy of Wikipedia....so Mazen is attempting to get the best price for the company