[Gaudente]

Originalmente inviato da i98mark

CIT Bonds Signal Bankruptcy Inevitable as Debt Exchange Expires - Bloomberg.com

If CIT is forced into a “free-fall” bankruptcy, unsecured claims may fetch as little as 6 cents on the dollar, said Peek, who plans to leave the company at yearend.

Icahn, 73, who built his reputation in the 1980s as a corporate raider, said this week that CIT debt is worth more in a traditional bankruptcy and proposed to buy holders’ bonds for 60 cents on the dollar in a tender offer lasting 30 days if they reject CIT’s plans.

Qui i casi sono due: o Peek e' pagato da qualcuno per gufare (tanto se ne va a fine anno) oppure Icahn e' rincoglionito, perche' tra 6 e 60 passa una bella differenza