Teligent Inc. (TLGT) shares are falling on Thursday morning trade after the company announced the filing for asset sale through voluntary chapter 11 process. The company said it will arrange $12 million debtor-in-possession financing from senior secured lenders.
The specialty generic pharmaceutical company has appointed Vladimir Kasparov, Managing Director at Portage Point Partners, as Chief Restructuring Officer to oversee the business and its restructuring process.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.