tag:blogger.com,1999:blog-3014753304564416929.post5027043890507174510..comments2023-10-16T04:07:10.822-04:00Comments on Broadcast Union News: Tribune Bankruptcy Judge Asks Firms to Revise Competing Reorg PlansAnonymoushttp://www.blogger.com/profile/03847665950160772753noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3014753304564416929.post-32821658865043017372010-12-01T02:14:19.937-05:002010-12-01T02:14:19.937-05:00Since bondholders as a group are considered senior...Since bondholders as a group are considered senior creditors, they can collectively force a corporation into bankruptcy and take control of and restructure it on terms advantageous to them. Corporate raiders (deep pocket investors who buy whole companies) can take advantage of market opportunities by buying a company's bonds for pennies on the dollar and restructuring the company to make a substantial profit. They do not need to own 100 percent of the bonds--just enough to take control. The remaining bondholders will get whatever the raiders get in the deal...<br /><a href="http://www.gearyandcompany.com/" rel="nofollow">Ontario Bankruptcy </a>Nick Raymonhttps://www.blogger.com/profile/03756036562306387774noreply@blogger.com