Comdisco, Inc.

Comdisco emerged from Chapter 11 bankruptcy proceedings on August 12, 2002. The purpose of reorganized Comdisco was to sell, collect or otherwise reduce to money in an orderly manner the remaining assets of the corporation. Pursuant to its First Amended Joint Plan of Reorganization (the "Plan") and restrictions contained in its certificate of incor... poration, Comdisco was specifically prohibited from engaging in any business activities inconsistent with its limited business purpose. Accordingly, Comdisco has reduced all of its assets to cash and made its final distribution of all available cash (net of amounts withheld for estimated liabilities) to holders of its common stock and contingent distribution rights in the manner and priorities set forth in the Plan. Once all the administrative tasks are completed, the company will cease operations. The company filed on August 12, 2004 a Certificate of Dissolution with the Secretary of State of the State of Delaware to formally extinguish Comdisco Holding Company, Inc.'s corporate existence with the State of Delaware except for the purpose of completing the wind-down contemplated by the Plan. On July 12, 2016, a Final Decree was entered in the bankruptcy case of Comdisco, Inc. authorizing Comdisco to take various steps, including those announced above, to close the case.Read More