Key Points
July 5 (Reuters) - A U.S. bankruptcy judge on Wednesday allowed SVB Financial Group, owner of bankrupt Silicon Valley Bank, to sell its investment banking business to the division's founder...
The deal includes an equity financing of up to $100 million from Baupost along with $30 million financing commitment from the Leerink's team, according to a court filing...
U.S. Bankruptcy Judge Martin Glenn in Manhattan last month said he would allow SVB Financial to sell the division, once the company ensured it was not releasing any liabilities related to the collapse of the Silicon Valley Bank...
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