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August 2, 2007 |
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AIRTRAN HOLDINGS: Midwest Reconsiders Unsolicited Buyout Bid The Board of Directors of Midwest Air Group Inc. has formed a committee to explore strategic and financial alternatives, including reconsidering the unsolicited exchange offer by AirTran Holdings Inc. to acquire all outstanding shares of Midwest... Read More |
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BALLY TOTAL: Inks $292 Mil. DIP Financing Pact with Morgan Stanley Bally Total Fitness Holding Corporation and its debtor-affiliates ask the U.S. Southern District of New York in Manhattan permission to obtain postpetition secured financing from Morgan Stanley Senior Funding Inc... Read More |
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HOLLISTION MILLS: Court OKs Asset Sale to Holliston Acquisition The U.S. Bankruptcy Court for the District of Delaware approved the sale of Holliston Mills Inc.'s assets to Holliston Acquisition Comnpany LLC, an affiliate of Chrysalis Capital Partners, under Section 363 of the Bankruptcy Code... Read More |
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INDEPENDENCE TAX: Remains Neutral to Peachtree Partners' Buy Offer Independence Tax Credit Plus L.P. responded on July 30, 2007, to an unsolicited tender offer by Peachtree Partners. As described in the offeror's written tender offer materials dated July 20, 2007, Peachtree intends to purchase up to 4.9% of the 76,786... Read More |
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ITC^DELTACOM: Completed Financing Cuts Borrowing Costs by $25MM ITC^DeltaCom Inc. has completed its debt and equity financing transactions. The transactions completely refinance or retire substantially all of the company's outstanding funded debt, reduce annual borrowing costs by approximately $25 million and... Read More |
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NORTHWEST AIRLINES: Reports $2.15 Billion Profit in Second Quarter Northwest Airlines Corporation (NYSE: NWA) reported on Tuesday net profit of $2.15 billion for the second quarter of 2007. This compares to a second quarter 2006 net loss of $285 million. Excluding reorganization items, Northwest reported a second... Read More |
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PEOPLE'S CHOICE: Deutsche Bank Wants Stay Lifted to Pursue Suit Deutsche Bank National Trust Company asks the U.S. Bankruptcy Court for the Central District of California to lift the automatic stay imposed by Section 362 of the Bankruptcy Code against People's Choice Home Loan Inc. to allow Deutsche Bank to adjudicate... Read More |
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TOWER AUTOMOTIVE: Emerges From Chapter 11 Bankruptcy in New York Tower Automotive, Inc., and its debtor subsidiaries' First Amended Joint Plan of Reorganization became effective on July 31, 2007, Anup Sathy, Esq., at Kirkland & Ellis LLP, in Chicago, Illinois, informs the U.S. Bankruptcy Court for the Southern District... Read More |
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