InvestorsHub Logo
Followers 66
Posts 7335
Boards Moderated 0
Alias Born 07/21/2009

Re: None

Wednesday, 06/22/2016 9:37:30 AM

Wednesday, June 22, 2016 9:37:30 AM

Post# of 2397
The latest News; Now lets see what happens???


Centerbridge Anchors Hercules Shareholder Panel -- Market Talk

6:56 am ET June 22, 2016 (Dow Jones) Print

6:55 ET - Centerbridge Partners was picked for a seat on an official committee looking out for shareholders in Hercules Offshore's bankruptcy, surprising exactly no one. Hercules insists it did shareholders a favor racing back to chapter 11 months after emerging from bankruptcy. Cash is just ebbing away and liquidation of the oil-drilling equipment fleet is the best option, Hercules says. Big shareholder Centerbridge has a different version of the sad story of Hercules' double-header demise, in which senior lenders decided to kill the company in order to collect a premium on their loans. A judge will decide. (peg.brickley@wsj.com)

(END) Dow Jones Newswires

June 22, 2016 06:56 ET (10:56 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

GLTA Longs
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.