InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,995.54
(
0.38%
)
US TECH 100
20,562.00
(
0.10%
)
Dow Jones
43,988.99
(
0.59%
)
Brent Oil
73.89
(
0.00%
)
Bitcoin
79,346.78
(
3.35%
)
Post# of 43522
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (4) Keep Next 10 Report Keyboard Shortcuts
Replies (4) Next 10 Prev Next

JusticeWillWin

Send PM Follow Ignore
Followers 75
Posts 9131
Boards Moderated 0
Alias Born 06/05/2014

JusticeWillWin

Re: None

Thursday, 09/10/2020 3:42:40 AM

Thursday, September 10, 2020 3:42:40 AM

Post# of 43522
Stalking-Horse Bid is only an INITIAL BID

MUCH MORE TO COME IMO!

See Stalking-Horse Bid: https://www.investopedia.com/terms/s/stalkinghorsebid.asp

Also a good explanation: https://blog.vanhornlawgroup.com/how-does-a-stalking-horse-bid-work/

From the PR: https://ir.jcpenney.com/news-events/press-releases/detail/622/jcpenney-reaches-agreement-in-principle-with-brookfield

Accordingly, the motion is expected to set out the proposed bidding procedures for the auction, with Brookfield, Simon, and the First Lien Lenders serving as the “stalking horse bidder,” designed to achieve the highest or otherwise best offer for the benefit of JCPenney’s stakeholders.

 

 
 ======> JUST MY PERSONAL OPINION, NO INVESTMENT ADVICE!  
 ======> I am long COOP, FNMA, FMCC, JCPNQ 
 ======> #ShareholderRightsMatter

Public Reply Private Reply New Post
Keep Last Read
Replies (4) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (4) Next 10 Prev Next
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.

Sign Up