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Cyxtera Technologies Inc., Codiak BioSciences Inc., and Virgin Orbit Holdings Inc.
On Sunday June 4, 2023, FL-based Starboard Value Acquisition Corp. ($SVAC) target, Cyxtera Technologies Inc. ($CYXT), and 15 affiliates (the “debtors”), filed chapter 11 bankruptcy cases in their counsel Kirkland & Ellis LLP’s second favorite jurisdiction these days: the District of New Jersey (Judge Sherwood)! Here is how the market reacted on Monday:
