Fortress advances in race to buy ResCap: source - Reuters
03/09/12
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Fortress advances in race to buy ResCap: source
Reuters
A sale of the unit is expected to be done under through a prepackaged bankruptcy process, according to the source. That means a deal now would become the so-called stalking horse bid in a subsequent auction overseen by the bankruptcy court.
Ally Financial's ResCap Is Said to Discuss Buyout With Fortress InvestmentBloomberg
Ally Bonds Rise on News Fortress in Talks to Buy ResCap UnitBusinessWeek
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Reuters
A sale of the unit is expected to be done under through a prepackaged bankruptcy process, according to the source. That means a deal now would become the so-called stalking horse bid in a subsequent auction overseen by the bankruptcy court.
Ally Financial's ResCap Is Said to Discuss Buyout With Fortress InvestmentBloomberg
Ally Bonds Rise on News Fortress in Talks to Buy ResCap UnitBusinessWeek