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!".
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