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HS...a MERGER does entail support of both assets and liabilities. However...when a company is in BANKRUPTCY...than another may come along and purchase only the assets with the approval of the court. That was not the case with Saga/PS.
Rick...there were a number of costly issues but the big one was the poor bonding of cross members to the hull causing the floors to drop and the loss of support for the rigidity of the hull making it un-seaworthy. Fixable only by tearing the whole hull apart which accounts for the large estimated expense.
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