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News  ›  GlobeNewswire Inc.

Compass Diversified Announces Update on Lugano Subsidiary

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Elias Sabo
Compass Diversified Announces Update on Lugano Subsidiary

Compass Diversified's subsidiary Lugano Holding filed for Chapter 11 bankruptcy, with CODI providing debtor-in-possession financing. The bankruptcy does not involve CODI's other subsidiaries, and the company continues to work on financial restatement.

Insights
BMLpL   negative

Buffett sold 41% of Berkshire's stake due to potential interest rate sensitivity, high valuation premium, and potential future tax considerations


CODI   neutral

Company is managing a challenging financial situation by providing support for its struggling subsidiary while maintaining operations of other business units