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DocLevi

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DocLevi

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Monday, 04/13/2015 1:59:59 PM

Monday, April 13, 2015 1:59:59 PM

Post# of 677
Another company changed merger for bond loophole ... http://www.bloomberg.com/news/articles/2015-04-10/forest-oil-loophole-lures-second-energy-firm-to-skip-bond-payout

Forest had said in July its bondholders would have the right to exercise their change-of-control put options. A third of those investors sued Sabine’s owner, First Reserve Corp., in February, claiming the revised acquisition cheated them out of $584 million. Meredith Mitchell, a spokeswoman for First Reserve at Prosek Partners, declined to comment.
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