McClatchy Co. stated Thursday it has received a takeover offer from two hedge-fund supervisors– and senior debtholders– that would get the paper publisher’s company out of chapter 11 bankruptcy this year.
Hedge funds Chatham Possession Management LLC and Brigade Capital Management LP have offered to forgive $263 million in McClatchy senior financial obligation in exchange for buying the possessions of the publishing organisation.
The …
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source https://jobsearchtips.net/hedge-funds-bid-on-mcclatchy/
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