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We stepped in and worked with the management to stabilize the company, prepare a plan to immediately locate a buyer, and expeditiously close the sale. The Rusconi Company found an out of state industry buyer, signed a letter of intent within ninety days, and closed the transaction shortly thereafter. The transaction resulted in satisfying all bank obligations. No further cash infusions were required by the widow and she was able to realize significant value in a company that had consistently lost money prior to her husband's death. The minority shareholder obtained a job with the new buyer and a successful outcome was achieved by all parties involved.
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