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Entries tagged "liquidation"Fewer hedge fund liquidations in 2nd quarterAccording to a study released by HFR Research, the hedge fund industry continues to mend. Workers threaten to blow up French Nortel plantEmployees have threatened to blow up the facility if they don't receive favorable severance packages. Smith & Hawken staring down liquidatorsUnless a sale of Smith & Hawken happens this week liquidators could begin moving in to shutter the home and garden retailer. It's 'do or die' for 2007 class of SPACsThe clock is ticking on the SPACs that went public in 2007 to do a deal or face liquidation. Lehman's Chinese real estate nets $200MKPMG has raised $200 million for the failed bank's creditors by selling seven Chinese property-related loans and bond portfolios. Sudden shift in fortunes for PropexAs Yogi Berra once said, "It ain't over till it's over." And it seems that these days you can apply that to companies reorganizing in Chapter 11. With the credit market as frozen as a Canadian pond, debtors face pitfalls with every step they try to take in bankruptcy -- debtor-in-possession financing, asset sales, reorganization plans and exit financing -- and a misstep involving any one of them can derail an entire case. Witness Propex Inc.... Ever darkening clouds gather above retailersIt's no secret the retail sector resembles a bombed-out war zone currently. Companies from Midwestern apparel chain Harold's Stores Inc. to the parent of discount retailer National Wholesale Liquidators, NWL Holdings Inc., to electronics seller Tweeter Opco LLC have filed for bankruptcy protection in just the past few weeks. Giants such as Mervyn's Holdings LLC and Linens 'n Things parent Linens Holding Co. are liquidating after failing to attract buyers. Steve & Barrys LLC may liquidate even after finding a buyer -- Bay Harbour Management LLC, which paid $168 million in August. And conditions only seem to be growing worse.... Going out of business: Linens 'n Things throws in the towelNow that you need a bigger mattress to hide your life's savings, maybe it's time to stock up on new sheets. If so, then head over to bankrupt Linens 'n Things Inc. stores for its liquidation sale, which will begin Friday. The Clifton, N.J.-based retailer was forced to liquidate after it failed to find a buyer -- much to the dismay of its private equity owner Apollo Management LP. ... Distressed debt hedge fund Turnberry Capital to liquidateTrying to catch the falling knife hasn't worked out too well for distressed investing hedge fund Turnberry Capital Management LP, which plans to shut down and return capital. ... Liquidation is not the answer for United AirlinesIt is hard to tell if Roben Farzad is speaking on behalf of investors, customers or employees when suggesting that the parent of United Airlines Inc. should be liquidated. It is harder still to say which of these groups, if any, would benefit from his plan to put the troubled carrier out of its misery.... Carlyle decides to get out of the hedge fund businessThe Carlyle Group is calling it quits on hedge funds after being forced to liquidate a second fund this week. The Washington DC private equity firm said it was closing Carlyle-Blue Wave Partners Management LP because the hedge fund had failed to achieve "critical mass."... Retailer bankruptcies looking like those of auto-parts makersIf what's happening with retailer bankruptcies in the last few weeks looks familiar, it is. It's already been happening en masse with auto-part maker bankruptcies.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "liquidation." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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