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Ascendia Brands, Inc. announced that it has commenced negotiations with its lenders and is actively seeking additional capital to address current and future liquidity needs.
November 9, 2007
By: TOM BRANNA
Editor
Ascendia Brands, Inc. announced that it has commenced negotiations with its lenders and is actively seeking additional capital to address current and future liquidity needs. The company also revealed that it has entered into an agreement with Carl Marks Advisory Group LLC to provide financial, operating and restructuring advisory services. According to the company, Carl Marks will assist Ascendia examine ways to restructure its business operations, reduce costs, increase operating income and...
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