(Reuters) - As part of the reorganization Tyco attempted to tender for its debt, however the majority of the holders of the U.S.-denominated debt did not accept the tender, arguing that Tyco was not paying the full value of the bonds.
The bondholders said it sent a letter to Tyco's Board of Directors on Thursday stating that "Tyco failed to obtain requisite bondholder consents for the proposed break-up of the company and instead attempted, unsuccessfully, to coerce the bondholders to accept less than the full amount of money owed to them."
Read more at Reuters.com Business News
The bondholders said it sent a letter to Tyco's Board of Directors on Thursday stating that "Tyco failed to obtain requisite bondholder consents for the proposed break-up of the company and instead attempted, unsuccessfully, to coerce the bondholders to accept less than the full amount of money owed to them."
Read more at Reuters.com Business News
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