CVC rebuffs hedge fund plan to restructure Nine
Post# of 684
Posted On: 02/28/2012 10:12:01 PM
CVC rebuffs hedge fund plan to restructure Nine debt: source
MELBOURNE (Reuters) - Private equity firm CVC has failed to respond to a proposal by hedge funds that own a large chunk of $2.9 billion in debt owed by its Australian TV network Nine Entertainment to convert their debt into equity, a source told Reuters on Monday.
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