23andMe Considers Sale as Cash Runs Low - WSJ: The DNA-testing company is exploring its options, including a business combination and the sale of some or all of its assets
Frontier Airlines Proposes Merging with Spirit Again - WSJ: Frontier Airlines is making another run at a deal for Spirit Airlines. So far, the struggling rival discounter has turned it down.
Frontier Airlines Offers to Buy Spirit Airlines, Again - The New York Times: Spirit, which filed for bankruptcy protection in November after a federal court blocked its acquisition by JetBlue, says it has rejected the latest Frontier offer for being too low
E.W. Scripps Taps Adviser to Address Nearing Debt Maturities: E.W. Scrippsis getting advice on its capital structure from Perella Weinberg Partners as debt maturities approach for the television stations operator, according to people with knowledge of the situation, and as pressure on its ratings mount due to refinancing risks.
Fitch Downgrades Scripps to 'CCC': Fitch Ratings has downgraded The E.W. Scripps Company's (Scripps) Long-Term Issuer Default Rating (IDR) to 'CCC' from 'B', due to constrained liquidity and increased refinancing risk
Prison Health Company Wellpath to Alter Bankruptcy Plan Proposal: Bankrupt prison health-care company Wellpath Holdings Inc. is working to revise its restructuring plan proposal amid objections from junior creditors.
US Bankruptcy Court grants motion to dismiss LLC chapter 11 case for failure to obtain requisite corporate filing authority | DLA Piper: The US Bankruptcy Court for the Northern District of Illinois (Bankruptcy Court) recently issued an opinion in In re 301 W North Avenue, LLC, Case No. 24 B 2741 (DDC) [Docket No. 253] (January 6, 2025) granting a secured lender’s motion to dismiss an LLC debtor’s chapter 11 case because the debtor failed to obtain the requisite corporate authority to file that chapter 11 case