Andrea Hurst News
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Marsico Capital Management LLC, the asset manager led by Thomas Marsico, reduced its debt by more than half through a restructuring that cut management’s equity ownership to less than 40 percent, said three people familiar with the deal.
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Eircom Group Ltd.’s second-lien lenders proposed writing off 71 percent of their loans, as they sought to avoid being virtually wiped out in a debt restructuring plan, two people familiar with the matter said.
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American Airlines parent AMR Corp. risks losing control of its ability to exit bankruptcy as an independent carrier after three possible suitors emerged within two months of its Chapter 11 filing.
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American Airlines’ disputes with its three largest unions may resurface in bankruptcy after the labor groups won seats on the creditors committee for parent AMR Corp.
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Billionaire Mark Cuban has put his Landmark Theatres and Magnolia Pictures up for sale, saying entertainment companies are attracting “huge valuations.”
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The law firm Paul Weiss Rifkind Wharton & Garrison LLP and investment bank Moelis & Co. were hired by Quiznos Corp., the closely held sandwich chain, to rework its finances, said a person familiar with the matter who declined to be identified because it isn’t public.
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Charming Shoppes Inc. , the operator of the plus-size Lane Bryant chain, is exploring a sale of its Fashion Bug stores, according to a person with knowledge of the matter.
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