Commentaries

Bankruptcy-related M&A at 5-year high – more to come?

July 10, 2009

This week’s Thomson Reuters Investment Banking Scorecard shows bankruptcy-related M&A at a five year high.

Dead stock rallying

July 9, 2009

General Motors is about to exit bankruptcy, perhaps as soon as today, selling most of its assets to a “New GM,” with the U.S. government in the driver’s seat. The legal obstacles have all been cleared. There is no hope of the shares of the old GM being worth anything more than the paper they are printed on.

Lehman’s huge NYC tax bill

June 29, 2009

New York City wants Lehman Brothers’ outstanding tax bill paid off now–or at least before any other creditor gets money in the bankruptcy case.

from Neil Collins:

A haircut or a headcut for GM bondholders?

June 1, 2009

Bill Zastrow owns $240,000 of General Motors bonds. He's not happy, but, as he told Reuters' Kevin Krolicki, "We were getting the Marie Antoinette haircut and now it looks like it's a few inches higher."