Tag Archives: equity-stake
Report: CIT Group again on brink of collapse
The Associated Press – CIT Group Inc. shares plunged in premarket trading Wednesday as the commercial lender is reportedly trying to craft an exchange that would cut its debt and offer bondholders an equity stake in the company in a […]
Man team backs Bayswater hedge fund relaunch
The Guardian – Bayswater Asset Management, a computer-driven hedge fund shut down last year after big losses during the credit crisis, has relaunched after revamping its risk management controls, its new backers said on Wednesday. San Francisco-based Bayswater had initially […]
Government Considering GM Debt/Equity Swap
New York (HedgeCo.Net) – The Obama administration is considering a deal in which they would forgive part of the $13.4 billion owed to them from General Motors Corp. in exchange for an equity stake in the company, according to a […]
Overstock Settles After Gradient Apologises
West Palm Beach (HedgeCo.net) – Overstock.com Inc. announced it has settled all claims against Gradient Analytics and its principals and officers named as defendants in Overstock’s defamation case filed in Marin County, California. Overstock.com chairman and CEO, Patrick Byrne said, […]
