TITLE

Shy About Distress

AUTHOR(S)
Fugazy, Danielle
PUB. DATE
March 2009
SOURCE
Mergers & Acquisitions Report;3/9/2009, Vol. 22 Issue 10, p40
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that strategic buyers have minimal interests in companies filing for bankruptcy. According to BankruptcyData.com, the number of filings in 2008 went up to 74 percent. It is noted that strategic buyers are not capable of competing with private equity firms and have focused on improving their balance sheets. One of the advantages of buying out of assets is that there is no liability. An example of which was the purchase of Lehman Brothers assets by Barclays.
ACCESSION #
44127896

 

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