What would be the plausible reason for targeting liabilities in an Asset Purchase?
The opposite scenario with the purchase of specific assets such as inventory or accounts receivable seems logical but what would be the logic for a firm to purchase specific liabilities in a company? Any examples would be greatly appreciated.
P.S. I know a lot of distressed funds target 'fulcrum' securities in the hopes of re-organisation post filing for chapter 11 but was curious about cases not such as this.