Investors Nix Settlement With United

Shields, Yvette
November 2004
Bond Buyer;11/22/2004, Vol. 350 Issue 32015, p1
Trade Publication
Reports that opposition from investors who hold a small piece of United Airlines Inc.'s special facilities revenue bonds at O'Hare International Airport triggered a termination clause in the proposed settlement between the airline and a majority of bondholders in the United States. Return of trustees and the airline to negotiations to salvage the agreement; Chapter 11 bankruptcy of the airline; Estimated number of institutional investors involved in the incident.


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