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July 8 (Bloomberg) -- The Federal Deposit Insurance Corp. may relax proposed rules for buying failed banks after some investors said they would block private-equity firms from participating, according to people briefed on the talks.
U.S. private equity firm MatlinPatterson Global Advisors confirmed that it plans to put forward a comprehensive proposal to reorganize the businesses of bankrupt Canadian telecom equipment maker Nortel Networks.
U.S. private equity firm MatlinPatterson Global Advisors is working on its own bid for Nortel Networks, in an effort to block a break-up of the bankrupt Canadian technology company.
“The proposed policies would have a chilling effect on numerous capitalizations currently being contemplated,” Kramer said, declining to provide examples.
U.S. private equity firm MatlinPatterson Global Advisors confirmed that it plans to put forward a comprehensive proposal to reorganize the businesses of bankrupt Canadian telecom equipment maker Nortel Networks. Sponsored Topics: MatlinPatterson Global Advisors - Business - Private equity firm - Nortel - Financial Services
TORONTO, July 6 (Reuters) - U.S. private equity firm MatlinPatterson Global Advisors confirmed on Monday that it plans to put forward a comprehensive proposal to reorganize the businesses of bankrupt Canadian telecom equipment maker Nortel Networks. MatlinPatterson, a major bondholder and Nortel creditor, said it does not believe that the proposed sale of Nortel's key wireless technology unit to ...
TORONTO (Reuters) - U.S. private equity firm MatlinPatterson Global Advisors confirmed on Monday that it plans to put forward a comprehensive proposal to reorganize the businesses of bankrupt Canadian telecom equipment maker Nortel Networks .
* Says current Nokia Siemens proposal falls short
MatlinPatterson remains interesting in trying to buy bankrupt telecommunications gear maker’s assets, Financial Times and Reuters report.
With a little more than three weeks to make a decision on whether to accept a restructuring proposal from its largest equity and debt holder or face possible bankruptcy, Hallmark Channel parent Crown Media Holdings is keeping its cards very close to its vest.
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