SingPost US units to file for Chapter 11 after sale bid falls through
Vivienne Tay
Singapore
MAIL and logistics firm Singapore Post (SingPost) has called off the sale of its beleaguered US e-commerce businesses, which will now seek bankruptcy protection instead.
Following a six-month sale process, "no acceptable offers" were found for Jagged Peak and TradeGlobal, the company said in a Singapore Exchange filing on Thursday.
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