Dendreon extends deadline for qualified bids for the company
US biotech firm Dendreon (Nasdaq: DNDN) said yesterday that it would be extending the bid deadline for interested parties to submit qualified bids to participate in an auction for the company’s assets from 5pm Eastern Time on January 27 to the same time on January 29 to continue discussions with potential bidders.
Last fall, the financially troubled company filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the US Bankruptcy Court as part of a far-reaching financial restructuring agreement.
Minimum bid requirement
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