A hearing on the matter has been set for Jan. 27 in U.S. bankruptcy court.
The deadlines follow some push and pull with the company’s creditors on Quiksilver’s disclosure statement and more specifically the estimated enterprise value of between $499 million and $602 million, with a midpoint of $546 million. That’s based on an analysis of the reorganized company done by Peter J. Solomon Co.
Creditors had earlier pushed back in court on the valuation, arguing it undervalued the company and did not factor in foreign subsidiaries. Additionally, the creditors’ committee said the valuation stands to negatively impact a potential sale because it’s substantially lower than the overbid set by the company of $735 million, meaning any bids coming in for Quiksilver would need to be above that target.