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VelvetJones

10/06/20 6:52 PM

#37545 RE: thelionwarrior #37541

Yes, if a lot of people don't actually read anything about the bid. From the Bloomberg article:
"Shareholders wouldn’t likely receive any recovery on their claims even in the event of a higher bid, as the company would have to first repay about $5 billion in debt before value could flow to equity holders."