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[Benjamin Krumholz]

https://www.cnbc.com/2018/04/05/pr-newswire-ver-announces-agreement-to-merge-with-production-resource-group-llc.html

Thats a lotta debt!

[brian maddox]

https://www.cnbc.com/2018/04/05/pr-newswire-ver-announces-agreement-to-merge-with-production-resource-group-llc.html

Thats a lotta debt!

Slap LLC on the end of the business name.  Carry on as usual.  it's been known to happen in this business.

[Tim McCulloch]

VER expanded too fast on borrowed money.  Chapter 11 with PRG as the "white knight".

[Jordan Wolf]

VER expanded too fast on borrowed money.  Chapter 11 with PRG as the "white knight".

Yup.

It’s gonna be interesting to see what direction they decide to go in/stay with.

[David Allred]

"By uniting, PRG and VER will meet evolving client needs and offer solutions, resources and expertise in ways neither company could achieve independently. Clients will have access to an extraordinary array of equipment and services, and the most talented team in the industry."

And suddenly the "news report" turned into a "press release" / ad.

Edit:
Oops.  I just saw "Press Releases" at the top of the page.  My bad. 

[Tim McCulloch]

"By uniting, PRG and VER will meet evolving client needs and offer solutions, resources and expertise in ways neither company could achieve independently. Clients will have access to an extraordinary array of equipment and services, and the most talented team in the industry."

And suddenly the "news report" turned into a "press release" / ad.

Edit:
Oops.  I just saw "Press Releases" at the top of the page.  My bad.

{satire}

"By uniting, PRG will acquire the assets, debts and customers of VER.  VER borrowed too much cheap money against an *anticipated* book of business and can't meet its debt service.  PRG is happy to be the next holder in due course for the assets of the ill-advised."

{/satire}

[ProSoundWeb Community]