Aug
28
How Bankrupt Is Horsehead Holding? Its Investors Want to Know
By
Guy Spier, an investor in Horsehead Holding, asked the judge for an equity committee.CreditRichter Frank-Jurgen
In large and complex corporate bankruptcies, shareholders are usually kicked to the curb, left with nothing of any value to show for their investments. Normally, that’s the way it should be: Bankruptcies, after all, involve companies whose assets are worth far less than their obligations.
But what if those assets are actually worth more than the company contends? Then shareholders are forced to leave money on the table for other stakeholders to grab, particularly the company’s dominant creditors who typically drive the bankruptcy process…
How Bankrupt Is Horsehead Holding? Its Investors Want to Know
