Clik here to view.
GM Delays European Restructuring
GM’s European restructuring plan with Opel and Vauxhall will now be delayed until 1Q 2010. Nick Reilly, CEO of GM Europe, released the news last week. He admitted that “While it is indeed exciting...
View ArticleClik here to view.
General Growth Properties Splitting in Two
Many currently think that the offers General Growth Properties has received are very steep, especially since the country’s largest mall owner went through a debt restructuring last year….As a result,...
View ArticleRestructuring Document: Objection by General Growth’s Unsecured Creditors to...
General Growth recently turned down a $10 billion cash offer to be taken over by Simon Properties, a competitor. The interesting aspect of this transaction was the General Growth was filing bankruptcy...
View ArticleClik here to view.
Dubai World Restructuring Underway
Dubai shocked creditors when it decided to postpone interest and principal payments in November of 2009. Since then, Moelis & Co. has been working with creditors to settle on repayment. Some...
View ArticleClik here to view.
Six Flags in Bankruptcy!
March 10, 2010 Six Flags filed bankruptcy at the end of 2008, at which time CFO Jeff Speed assured investors the bankruptcy would only take 4-5 months. Over one year later, the company is still...
View ArticleClik here to view.
General Growth Properties Getting Multiple Bids, Pershing Square Capital...
In our third article on General Growth Properties, one of the largest mall owners in the United States, Pershing Square Capital Management and Fairholme are working to increase Brookfield’s bid to...
View ArticleClik here to view.
Starwood to Raise $2.8 Billion to Invest in Distressed Real Estate Debt
Starwood, the commercial real estate investment firm started by Barry Sternlicht is raising approximately $2.8 billion purchase commercial real estate debt during the biggest commercial real estate...
View ArticleClik here to view.
Pali Capital Files for Bankruptcy – Bankruptcy Filings Attached
Pali Capital, a well known boutique investment bank and underwriter recently filed for bankruptcy after a failed merger attempt. The firm was founded in 1995 by former MDs at Merrill Lynch. According...
View ArticleClik here to view.
Lazard Operating Revenues Jump 67% Year over Year: Core Investment Banking...
Lazard, famed investment bank and legacy of Bruce Wasserstein recently reported earnings that blew investors away. Operating revenues jumped 67% from one year earlier. Lazard advises on mergers...
View ArticleClik here to view.
Understanding Bankruptcy as the World Collapses Around You (1)
We have seen the dire economic consequences of excessive consumer, corporate, financial, and sovereign leverage of the past 5 years. Our global economy has been a punching bag for corporate greed,...
View Article
