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BRIEF-Violin Memory pursues chapter 11 operational and financial reorganization and sale process
December 14, 2016 / 2:46 PM / 9 months ago

BRIEF-Violin Memory pursues chapter 11 operational and financial reorganization and sale process

Dec 14 (Reuters) - Violin Memory Inc -

* Has filed a voluntary petition for reorganization under chapter 11 of U.S. Bankruptcy code in bankruptcy court for district of Delaware

* Company has commenced process to streamline operations and balance sheet, while simultaneously pursuing sale of business to buyer

* To facilitate restructuring, Violin Memory is seeking to hold an auction in early January for business

* Business operations continue while Violin Memory pursues chapter 11 operational and financial reorganization and sale process Source text for Eikon: Further company coverage:

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