The Return of the Calvinball Era

MacFadyen, Ken
June 2009
Mergers & Acquisitions Report;6/8/2009, Vol. 22 Issue 23, p11
The article explores the return of the Calvinball era in the bankruptcy sale process in the U.S. Calvinball refers to the ad-libbed playground game dreamed up on the comic strip "Calvin & Hobbes." The Calvinball era is characterized by contrasting processes and rules surrounding each bankruptcy sale. It relates the ambiguity in the bankruptcy sale of Foamex International to Wayzata Capital Investment Partners and the bankruptcy sale of Lenox Group. It discusses the influence of politicians in the bankruptcy sale of Emerisque Brands.


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