363 Sales

Yucaipa car hauler Allied Systems files Chapter 11 - Reuters UK

06/11/12

It said revenue fell as vehicle sales slowed, and after it lost U.S. contracts with ... "In light of the involuntary bankruptcy cases and its financial condition, Allied determined that it would be in the best interests of (its) estates to ...

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Buffett’s Berkshire Seeks to Buy ResCap’s Mortgage Unit - Bloomberg

06/11/12

Under a proposed sale agreement with ResCap, Fortress would be the initial bidder at an auction overseen by the bankruptcy court. Should Fortress lose the auction, it would be entitled to a $72 million breakup fee and $10 million in expense ...

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Workers Say World Trade Steel Supplier’s Survival on the Line - Wall Street Journal

06/11/12

Based in Wheeling, W.V., Wheeling Corrugating is among the assets RG Steel wants to put on the auction block this summer, subject to bankruptcy-court approval. RG Steel’s lenders are requiring the sale of the Wheeling Corrugating unit and RG ...

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ResCap Auction Rules Draw Watchdog Objection - NASDAQ

06/11/12

... valuable assets in bankruptcy is prompting pushback from a federal bankruptcy watchdog. U.S. trustee Tracy Hope Davis on Monday launched an objection to ResCap's sale process, insisting the rules and rewards laid out by the mortgage ...

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Rede Energia Restructures Local Bonds After Celpa Unit Defaults - Bloomberg

06/11/12

Celpa, based in Belem, Brazil, said May 7 that it will seek to raise 850 million reais ($441 million) through a bond sale and loans as part of a plan to recover from bankruptcy. The plan includes selling 650 million reais of local bonds ...

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U.S. Trustee objects to ResCap sales procedures - Reuters

06/11/12

(Reuters) - Residential Capital LLC needs to do more to ensure it is protecting consumer privacy for homeowners under bankruptcy law in the sales of its mortgage loan and servicing businesses, the U.S. Trustee said in court papers on Monday.

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US Trustee objects to ResCap sales procedures - Reuters UK

06/11/12

June 11 (Reuters) - Residential Capital LLC needs to do more to ensure it is protecting consumer privacy for homeowners under bankruptcy law in the sales of its mortgage loan and servicing businesses, the U.S. Trustee said in court papers on Mon day.

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Freedom Communications completes sale of assets following bankruptcy - Washington Post

06/11/12

LOS ANGELES — Freedom Communications Inc., the owner of The Orange County Register and six other daily newspapers, is being sold to an investment group that had earlier tried to purchase The Boston Globe. The sale to 2100 Trust LLC represents the last of ...

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Freedom since bankruptcy - Orange County Register

06/11/12

The sale left Freedom free of the $325 million in debt it had when it emerged from bankruptcy. Jan. 12, 2012: Freedom announces the sale of The Tribune in Seymour, Ind. to Indiana-based Home News Enterprises LLC. Terms were not disclosed.

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Sagging GM stock price worries more than shareholders [Detroit Free Press] - Businessweek

06/11/12

That's about one-third below its initial public offering price, and less than half the approximate $53 price at which the government would break even on the $49.5 billion invested prior to GM's 2009 bankruptcy ... in the auto sales growth ...

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