After much mulling, Office Depot owner rejects both sale and split | Retail Dive: The office supplies specialist won’t be breaking itself up nor merging with rival Staples. Many twists and turns later, it has decided to stay whole.
Retail M&A robust at 2022's midpoint: But consumer product deal activity is off year over year.
Revlon Stock Surges After Bankruptcy Filing, Aided by Individual Investors - WSJ: Cosmetics maker’s shares up more than 30% in Wednesday’s trading as options activity takes off
Croissant Supplier Preps Bankruptcy Sale Citing Increased Labor Costs: Gold Standard Baking is proposing to sell itself out of bankruptcy to investors and insiders for $20 million in debt forgiveness.
Bankrupt Zohar Loan Funds to Be Handed Over to Investors: The Zohar investment funds founded by Lynn Tilton won court approval to turn themselves over to MBIA and other creditors under a bankruptcy liquidation plan, though the decadelong legal fight between them and the turnaround manager will drag on.
Sri Lanka Sued by Bondholder in US After Historic Default: Hamilton Reserve Bank Ltd., which holds more than $250 million of Sri Lanka’s 5.875% International Sovereign Bonds due July 25, filed the suit Tuesday in a New York federal court seeking full payment of principal and interest.
Mexico's Credito Real will fight involuntary Chapter 11 petition | Nasdaq: Mexico's troubled payroll lender Credito Real said in filing to the Mexican stock exchange late Wednesday that it was aware of claims of a filing of an involuntary Chapter 11 bankruptcy petition, which it would fight once the petition was served.
Credito Real Bondholder Group Seeks Lender Bankruptcy in US : A group of Credito Real SAB bondholders is seeking to force Mexico’s largest payroll lender into bankruptcy in the US in an effort to speed up the company’s reorganization process.
