Archive - Mar 4, 2009
LPX Prices Long Suffering Bond At 75 OID With 15% Warrants
Submitted by Tyler Durden on 03/04/2009 00:18 -0500LPX may have averted bankruptcy in the last moment at the expense of a few gullible investors, who ended up purchasing the bond issue LPX had been marketing for over 5 months. Bank of Countrywide Lynch and Goldman have to be given props for this one as the Stardust odds for a successful LPX bond placement were roughly 10 to 1 against.
Bloomberg Mole Rats Out Reader's Digest Next
Submitted by Tyler Durden on 03/04/2009 00:05 -0500The same author who earlier scared the bejeezus out of Blockbuster shareholders, and who likely used the same mole she has within Kirkland & Ellis (note to Jamie Sprayregen: you have one angry leak in your midst, may want to consider tapping those phone lines), announced that Reader's Digest was the second company today to hire th
