Just Energy Group Inc. (Canada) JENGQ

Stalking Horse Transaction

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"intended to facilitate its exit from the company’s ongoing insolvency proceedings as a going concern."

"Under the Stalking Horse Transaction, no amounts will be available for distribution to the Just Energy Entities’ general unsecured creditors, including the Term Loan Lenders."

Commons get nothing.  It would seem the Stalking Horse gets the company, the secured creditors get paid, and JE is gone and absorbed by whoever the Stalking Horse is.  Maybe Crius or whoever bought Crius a few years ago.