Entries tagged "Distressed"

CIT falling on bankruptcy fears

Shares of CIT are falling in Tuesday early afternoon trading on fears of a bankruptcy filing.

Distressed deals hit $84.4B

Here's the proof that bankruptcy is the new M&A playing field.

Cattles creditors go to war

The bondholders of distressed British subprime lender Cattles are reportedly outraged at plan to pay banks first.

Could J.P. Morgan acquire CIT's assets?

Competitors such as J.P. Morgan may already be eying CIT Group's assets.

CIT shares rise as talks intensify

Shares of CIT Group are rising as media reports say the company is in more advanced talks with regulators about guaranteeing its bonds before $1 billion in debt come due.

CIT, a bomb waiting to explode

CIT has a sizable $10 billion debt load coming due that could spell the end of the company if Uncle Sam doesn't allow it to participate in the Temporary Liquidity Guarantee Program.

Commercial real estate pain good for some

Research firm Real Capital Analytics found 5,315 troubled commercial properties valued at more than $108 billion. That spells opportunity for some PE funds.

Smith & Hawken staring down liquidators

Unless a sale of Smith & Hawken happens this week liquidators could begin moving in to shutter the home and garden retailer.

Starwood seeks $500M IPO to buy bad real estate

Barry Sternlicht's Starwood Property is raising $500 million in an initial public offering to buy distressed commercial and residential real estate assets.

National Post to take Mondays off

CanWest's flagship National Post newspaper will not publish on Mondays for a nine-week period starting in June.

Broder exchange offer faces severe test

The Bain Capital portfolio company may file for Chapter 11 bankruptcy protection if it can't restructure its debt.

GM exec's fill up on taxpayer's dime

Some 8,000 GM executive receiving free gas to the tune of around $12 million a year, according to NPR.

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