Tag Archives: restructuring

Bed Bath & Beyond’s latest restructuring efforts is falling flat

Bed Bath & Beyond’s latest restructuring efforts is falling flat

Take our debt, please! Struggling retailer Bed Bath & Beyond is coming up woefully short in a key debt exchange designed to give the company some much-needed financial breathing room. The company said Tuesday that it would extend its debt exchange offer to Dec. 19 from Dec. 5. The extension reflects limited appetite by debt-holders in the debt swap, according to data supplied by the retailer (right hand column in chart below). Such limited appetite likely reflects the concern among… Source link

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Bed Bath & Beyond’s latest restructuring efforts is falling flat

Bed Bath & Beyond’s latest restructuring efforts is falling flat

Take our debt, please! Struggling retailer Bed Bath & Beyond is coming up woefully short in a key debt exchange designed to give the company some much-needed financial breathing room. The company said Tuesday that it would extend its debt exchange offer to Dec. 19 from Dec. 5. The extension reflects limited appetite by debt-holders in the debt swap, according to data supplied by the retailer (right hand column in chart below). Such limited appetite likely reflects the concern among… Source link

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Yandex signs up Putin ally to help with restructuring • The Register

Yandex signs up Putin ally to help with restructuring • The Register

Ten days after Yandex confirmed a review of its operations that include moving IP out of Russia and selling much of the remainder locals, it has hired an ally of President Vladimir Putin to help out with the restructure. Alexei Kudrin, described as a longtime Putin ally and who resigned as head of Russia’s Audit Chamber last week, has confirmed that he will be joining Yandex to advise on corporate development. Kudrin was appointed as finance minister in 2000 when Putin started his first… Source link

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Yandex Seeks Putin’s Approval For Business Restructuring: Report – Yandex (NASDAQ:YNDX)

Yandex Seeks Putin’s Approval For Business Restructuring: Report – Yandex (NASDAQ:YNDX)

Yandex N.V. YNDX, often described as “Russia’s Google,” sought Vladimir Putin’s permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian president’s approval, in principle, for the restructuring plan, Financial Times reports. The changes would lead to… Source link

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