Delta Apparel shares are trading lower after the company announced that it filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code.
Portfolio Pulse from Benzinga Newsdesk
Delta Apparel shares are trading lower after the company announced that it filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code.
July 01, 2024 | 11:36 am
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Delta Apparel shares are trading lower following the company's announcement of filing for Chapter 11 bankruptcy. This indicates financial distress and potential restructuring.
The filing for Chapter 11 bankruptcy suggests significant financial issues within Delta Apparel, leading to a likely negative impact on its stock price in the short term. Investors may anticipate restructuring efforts and potential asset sales.
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