Axsesstoday – Update on administration and sale process

Deloitte, the voluntary administrator of Axsesstoday, provided an update on the current sale process. Deloitte has advised that they have entered into an exclusivity arrangement with an affiliate of Cerberus Capital Management, L.P. (Cerberus) to finalise terms on which Cerberus proposes to acquire all of the assets of AXL by way of a deed of company arrangement.