Middle East SCO Buyer Wants New CEO
As with any takeover or bailout, there's always the question of which, if any, members of management will be left standing by the new powers that be. SCO's bailout offer appears to be no different, and there are no real surprises as to who the mysterious buyer wants out of the picture.
The deal, in which an unnamed Middle East partner and SNCP will pour up to $100 million into SCO, states McBride "will resign immediately" from the company.
There's no word on who will replace McBride or where he'll end up next. As we receive new information regarding the fate of SCO, we'll continue to keep you updated.
The deal, in which an unnamed Middle East partner and SNCP will pour up to $100 million into SCO, states McBride "will resign immediately" from the company.
There's no word on who will replace McBride or where he'll end up next. As we receive new information regarding the fate of SCO, we'll continue to keep you updated.
