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GlassRatner's Marshall Glade Gives Update on Titanic Collection Sale and What This Means for the Bankrupt Parent Company

GlassRatner's Marshall Glade Gives Update on Titanic Collection Sale and What This Means for the Bankrupt Parent Company

GlassRatner's Marshall Glade gave an update to Atlanta-based publication, The Daily Report, on the sale of the Titanic artifacts from Premier Exhibitions. Marshall Glade was appointed as Financial Advisor to Premier, and has had a key role in identifying potential purchasers of the 5,500 artifacts. The collection was ultimately sold to three hedge funds for $19.5 million as part of the exhibition company's bankruptcy proceedings. Glade quotes that the $19.5 million purchase price gives Premier's unsecured creditors an 80% recovery and the roughly 100 employees will be able to keep their jobs. This makes it a very positive outcome for the company. 

In addition to previously holding this Titanic exhibit, Premier showcases "Bodies: The Exhibition" and "Xtreme Bugs!". 

For the complete article, please click here: https://dynamix-cdn.s3.amazonaws.com/glassratnercom/glassratnercom_862121710.pdf 

 

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