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BRIEF-Mad Catz Interactive makes voluntary assignment in bankruptcy

Published 2017-03-31, 07:47 a/m
© Reuters.  BRIEF-Mad Catz Interactive makes voluntary assignment in bankruptcy
MCZ
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March 31 (Reuters) - Mad Catz Interactive Inc MCZ.F :

* Mad Catz Interactive - co, subsidiary, 1328158 Ontario Inc., made a voluntary assignment in bankruptcy on March 30, 2017

* Mad Catz Interactive Inc - Pricewaterhousecoopers Inc has been appointed as trustee in bankruptcy of company's estate

* Mad Catz Interactive-Mad Catz, Inc ceased operations, filed voluntary petition for relief under chapter 7 of U.S. Bankruptcy code to initiate orderly liquidation of assets

* Mad Catz Interactive - certain of co's other subsidiaries filed or will file for liquidation under comparable legislation in their countries of origin

* Mad Catz Interactive - announced that all of directors and officers of company have resigned effective as march 30, 2017

* Mad Catz Interactive - board of directors has been advised that co's lenders will not increase amount of its credit facilities beyond current levels Source text for Eikon: ID:nGNXNSFTNa Further company coverage: MCZ.F

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