Thursday, December 2, 2010

NCO buying Atlanta collections agency for $118.8M - Kansas City Business Journal:

http://www.whitezeta.net/forum/com-le-forum-voir-sujet-agora-du-lotus.html
million in cash. As part of the agreement, RMA and affiliates have fileed for Chapter 11 bankruptcy protectionin U.S. Bankruptcy Court in Ohio. The transaction is expectesd to close by the end of thethirs quarter, and in the meantime, RMA has arrange for additional financing for its operations. NCO NCOG) is a debt collection and business processs outsourcing firm basedin Pa. The company said the acquisitiomn is expected to be neutrakl tothis year's earnings and to help annuall earnings after that.
In a statement, Denniws Cunningham, the CEO of RMA, said that the company told clients and investors earliere this year that itwas "explorinh strategic alternatives" for the business. He said the Chapted 11 process will be the easiest way for the compan tosell itself. He added it will also alloaw thecompany "to entertain any higher and betterr offers."

1 comment:

  1. The look out for a good debt recovery company should be expert in the domain.The commercial and dues of a company are inter-related and collection agency with low experience should be avoided.

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