Archive - Apr 13, 2009
Six Flags' Fate Rests With Fidelity's $100 Million Bonds
Submitted by Tyler Durden on 04/13/2009 11:35 -0500The Washington Post out with a good expose on the non roller coaster-based freefall for Dan Snyder's Six Flags.
The firm, which announced last week that its stock was being delisted from the New York Stock Exchange, faces a more than $300 million payment to preferred stockholders in August that the company says it cannot afford. Fitch Ratings recently warned that a "default is imminent or inevitable." Its shares ended the week worth 26.6 cents.
Frontrunning: April 13
Submitted by Tyler Durden on 04/13/2009 11:12 -0500- China cuts purchases of U.S.
Overallotment: April 12
Submitted by Tyler Durden on 04/13/2009 00:25 -0500- AIG FP declines to sign up for ISDA Big Bang protocol, instead relying on ongoing bilateral arrangements (FT).
