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News > Companies
marchFIRST files Chap. 11
April 12, 2001: 7:16 p.m. ET

Internet consultant files for bankruptcy protection; deal with divine completed
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NEW YORK (CNNfn) - Struggling Internet consultant marchFIRST Inc. filed for Chapter 11 bankruptcy protection Thursday, according to an online bankruptcy filing.

The Chicago-based company did not immediately respond to voicemail messages seeking comment.

Earlier this month, marchFIRST (MRCH: Research, Estimates) agreed to sell a number of assets to divine inc. (DVIN: Research, Estimates) for more than $120 million, and also announced layoffs to cut costs. Divine announced the completion of the sale on Thursday.

Trading of marchFIRST shares was halted at Wednesday's close, with shares worth 31 cents, while shares of divine rose 16 cents to $1.65. graphic





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.