BRIEF-Casa Systems Initiates Chapter 11 Sale Process For Businesses

Reuters04-03

April 3 (Reuters) - Casa Systems Inc :

* CASA SYSTEMS INITIATES COURT-SUPERVISED CHAPTER 11 SALE PROCESS FOR BUSINESSES

* CASA SYSTEMS INC - COMPANY HAS ENTERED INTO AN ASSET PURCHASE AGREEMENT TO SELL ITS 5G MOBILE CORE AND RAN BUSINESSES

* CASA SYSTEMS INC: ENTERED INTO A STALKING-HORSE ASSET PURCHASE AGREEMENT TO SELL ITS CABLE BUSINESS TO AN AFFILIATE OF VECIMA NETWORKS

* CASA SYSTEMS INC: CO HAS ASKED BANKRUPTCY COURT FOR APPROVAL TO COMPLETE TRANSACTION BY END OF APRIL

* CASA SYSTEMS INC: ASKED BANKRUPTCY COURT TO APPROVE PROCEDURES FOR SOLICITING ADDITIONAL BIDS AND TO SET AN AUCTION FOR MID-MAY.

* CASA SYSTEMS INC - COMPANY'S NETCOMM BUSINESS IS NOT INCLUDED IN U.S. CHAPTER 11 PROCESS

* CASA SYSTEMS INC - IN CONNECTION WITH SALE PROCESS, COMPANY ENTERED A RESTRUCTURING SUPPORT DEAL WITH MORE THAN 98% OF ITS SENIOR SECURED LENDERS

* CASA SYSTEMS INC: CASA'S INTERNATIONAL SUBSIDIARIES ARE NOT DEBTORS IN CHAPTER 11 FILING

* CASA SYSTEMS INC: INTERNATIONAL SUBSIDIARIES WILL CONTINUE TO OPERATE IN ORDINARY COURSE PENDING CLOSING OF SALES

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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