Shareholders of Bak USA has agreed to a "management buyout" according to a statement released to 7 Eyewitness News Friday afternoon. They will continue to operate.
Read the full statement here:
Our shareholders convened earlier today and reached an agreement in principle for a management buyout of Bak USA. Bak USA will continue to operate as a social enterprise building computers in Buffalo. These are all the details we are sharing at this time. We will issue a formal announcement in the future once the deal is finalized