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Madcatz en bancarrota


Ce_zeta

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Finalmente Madcatz, la dueña de Saitek entre 2007 y 2016 se ha acogido a la ley de insolvencia y bancarrota canadiense. Hoy ha cesado sus operaciones y toda su plantilla se ha quedado en el paro (de nos suena eso en España?).  Los piratas de PriceWaterhouse-Coopers (ahora PWC) serán quienes piloten el proceso de liquidación de la compañia.

 

El núcleo del negocio de Madcatz era la fabricación y venta de hardware para gamers, teclados, ratones, joysticks, mandos de juego y cascos.

 

La noticia original:

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SAN DIEGO, March 31, 2017 (GLOBE NEWSWIRE) -- Mad Catz Interactive, Inc. (the “Company”) (OTC Pink:MCZAF) announced that, with the authorization and approval of its Board of Directors, it and its subsidiary, 1328158 Ontario Inc., made a voluntary assignment in bankruptcy on March 30, 2017, pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). Pursuant to the assignment in bankruptcy, PricewaterhouseCoopers Inc. (“PWC”) has been appointed as the trustee in bankruptcy of the Company’s estate.  The Company’s wholly-owned subsidiary, Mad Catz, Inc., ceased operations and also has filed a voluntary petition for relief under chapter 7 of the United States Bankruptcy Code to initiate an orderly liquidation of the assets of the Company. In addition, certain of the Company’s other subsidiaries have filed or will file for liquidation under comparable legislation in their countries of origin.

The Company also announced that all of the directors and officers of the Company have resigned effective as March 30, 2017.

As previously disclosed, the Company’s Board of Directors formed a special committee in 2016 to explore and evaluate strategic alternatives intended to maximize shareholder value, including a sale of the Company. The Company hired a financial advisor in connection with evaluating and pursuing strategic alternatives. The Company has been consistently pursuing its operational plan with the aim of increasing revenue and improving working capital.

The Board of Directors made the decision to have the Company make a voluntary assignment in bankruptcy after considering various strategic alternatives, the interest of various stakeholders of the Company as well as a number of other factors. The Board of Directors has been advised by the Company’s financial advisor and management that no viable strategic alternative in respect of a sale of the Company or other corporate sale transaction is being made available to the Company by any third party. In addition, the Board of Directors has also been advised that the Company’s lenders will not increase the amount of its credit facilities beyond the current levels.

Karen McGinnis, President and Chief Executive Officer, stated that, “Regrettably and notwithstanding that for a significant amount of time the Company has been actively pursuing its strategic alternatives, including various near term financing alternatives such as bank financing and equity infusions, as well as potential sales of certain assets of the Company or a sale of the Company in its entirety, the Company has been unable to find a satisfactory solution to its cash liquidity problems. The Board of Directors and management would like to acknowledge the outstanding efforts of the Company’s employees in support of its business, especially during the time that the Company faced financial difficulties. The Company would also like to thank the vendors and professional service providers who have supported the Company’s efforts during this time.”

Inquiries concerning the filings and proceedings should be directed to the attention of Fergal J. Rogers of PWC at the contact information noted below.

 

FUENTE

 

Como ya sabiamos por aqui, esto no afecta a los periféricos de Saitek dado que en 2016 Madcatz habia vendido esta división a Logitech.

 

Recordemos la noticia:

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Mad Catz® Announces Sale of Saitek® Simulation Product Line to Logitech

SAN DIEGO, Sept. 15, 2016 (GLOBE NEWSWIRE) -- Mad Catz Interactive, Inc. (“Mad Catz” or “the Company”) (NYSE MKT:MCZ), a global provider of innovative entertainment products, today announced that it has sold its Saitek brand and the Saitek line of flight, space and farm simulation game controller assets to Logitech International S.A. (“Logitech”) (Nasdaq:LOGI) for $13 million in cash.

On September 15, 2016, Mad Catz entered into an Asset Purchase Agreement with Logitech pursuant to which Mad Catz sold certain assets to Logitech for an aggregate cash purchase price of $13 million.  $11 million of the purchase price was paid in cash at closing and $2 million was deposited in escrow to fund any post-closing adjustments or claims. The assets sold by Mad Catz include specified trademarks, equipment and tooling, inventory, technical data and records, and other related documents necessary for the design, manufacture, marketing and distribution of interactive flight, space, and farm simulation controllers presently marketed and sold under the Saitek brand.  Additionally, eight of the Company’s research and development employees accepted employment offers with Logitech.

Karen McGinnis, President and Chief Executive Officer of Mad Catz, stated, "After a thorough and deliberate process, we believe this sale to Logitech brings Mad Catz attractive and certain value for the flight, space and farm simulation line of Saitek products.  We are pleased to find a company like Logitech that will lead Saitek into its next phase of growth and best support its strong acceptance within the flight simulation community while also allowing us to continue to leverage the world-class mice, keyboards and other products that were originally developed on the back of our acquisition of Saitek in 2007 and are now sold under the Mad Catz brand.”

“Our Board and management team are highly focused on enhancing shareholder value and we believe this transaction is consistent with our ongoing efforts, enabling us to improve our financial position and working capital to better support and grow our Mad Catz and Tritton video game accessories and headset brands.  As we continue to evolve our business strategy to operate the Company more strategically while leveraging resources more efficiently, we are confident that the sale of the Saitek brand and product line, along with the other previously-disclosed Company-wide initiatives, will result in improved financial performance and shareholder value.”

The transaction was recommended by a special committee of the Company’s Board of Directors consisting solely of disinterested directors and approved by the full Board of Directors. Wedbush Securities acted as financial advisor to Mad Catz in connection with the transaction and Stout Risius Ross Advisors rendered a fairness opinion.

About Mad Catz
Mad Catz Interactive, Inc. (“Mad Catz”) (NYSE MKT:MCZ) is a global provider of innovative interactive entertainment products marketed under its Mad Catz® (gaming) and Tritton® (audio) brands. Mad Catz products cater to gamers across multiple platforms including in-home gaming consoles, handheld gaming consoles, Windows PC and Mac® computers, smart phones, tablets and other smart devices. Mad Catz distributes its products through many leading retailers around the globe. Headquartered in San Diego, California, Mad Catz maintains offices in Europe and Asia. For additional information about Mad Catz and its products, please visit the Company’s website at www.madcatz.com

 

FUENTE

 

Edited by Ce_zeta
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Para la mierda de calidad que estaban haciendo últimamente normal...

 

Yo me gaste como 70 pavos en un ratón que a los 3 meses dejo de funcionar un botón, al cambiarlo por otro mismo modelo, este aguanto 6, aun en garantía cuando se jodió el tercero en menos de un año ya me daba vergüenza volver a tirar mano de la garantía y cambie por otro de otra marca. Y lo mas jodido es que las 3 averías fueron diferentes, un botón lateral en uno, la rueda del scroll en el otro y el botón de la misma rueda en el tercero.

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El hace 2 horas, Angel101 dijo:

Para la mierda de calidad que estaban haciendo últimamente normal...

 

Yo me gaste como 70 pavos en un ratón que a los 3 meses dejo de funcionar un botón, al cambiarlo por otro mismo modelo, este aguanto 6, aun en garantía cuando se jodió el tercero en menos de un año ya me daba vergüenza volver a tirar mano de la garantía y cambie por otro de otra marca. Y lo mas jodido es que las 3 averías fueron diferentes, un botón lateral en uno, la rueda del scroll en el otro y el botón de la misma rueda en el tercero.

Madre mia!  Y mientras tanto todos esos economistas y ADE con sus MBA de "prestigiosas" universidades del consejo de administración cobraban obscenos sueldos para llevar a la quiebra a la compañia. Patético.  

 

Si es que esta claro, cuando no tienes muy claro a que se dedica la compañia y te ciñes a una hoja de cálculo llena de números... pasa lo que pasa.

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