Monday, January 11, 2016 9:57:26 AM
The firm filed for bankruptcy last month in a debt-for-equity swap which would hand ownership to lenders and bondholders in exchange for the forgiveness of $1B in pre-bankruptcy debt and a $200M bankruptcy loan. Existing shareholders will be wiped out.
Don't expect any bounce with news like this....
Don't expect any bounce with news like this....
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