UPFRONT

Xeikon to Sell Assets, Liquidate

MORTSEL, BELGIUM—Xeikon's board of directors, along with officers appointed by the Antwerp Court of Commerce, have determined that the company cannot obtain new capital within its creditor protection timeframe. Thus, the company is now considering sale offers for its assets and activities. Upon completion of the sale, the digital color and black-and-white printing systems manufacturer will be put into liquidation, with proceeds from the sale applied toward outstanding debt. Xeikon, which applied for creditor protection last November, was also informed by the Nasdaq that it will delist the company's securities from its system.