Viewray Filed Voluntary Petitions For Relief In The United States Bankruptcy Court For The District Of Delaware; It Further Disclosed That It Intends To Pursue A Sale Of Its Business While Continuing To Support Its Customers During The Chapter 11 Process
Portfolio Pulse from Benzinga Newsdesk
Viewray has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. The company also disclosed its intention to sell its business while continuing to support its customers during the bankruptcy process.
July 17, 2023 | 11:03 am
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Viewray's filing for bankruptcy and intention to sell its business could negatively impact its stock price in the short term.
Bankruptcy filings typically lead to a decrease in a company's stock price as it indicates financial distress. The intention to sell the business could further create uncertainty among investors, potentially leading to a sell-off.
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