XBP Europe Holdings Inc. Moves Forward with Acquisition of Exela Technologies BPA Group Amid Bankruptcy Proceedings
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XBP Europe Holdings Inc. is set to acquire Exela Technologies BPA Group for $1.00 amid Chapter 11 bankruptcy proceedings. The deal, contingent on bankruptcy court approval and other conditions, must be finalized by July 14, 2025. If the BPA Group does not exit bankruptcy by August 7, 2025, the transaction may be rescinded unless an extension is agreed upon. XBP has also signed a Transaction Support Agreement to aid in the restructuring efforts.
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