IDB Holding Corp. bondholders will meet next week to authorize trustees to start an insolvency process if a debt settlement is not reached as the company’s chairman confirmed he was subject to a securities fraud probe.
Rick Thorne worked as a custodian in Chelmsford, Massachusetts, schools for 22 years, earning $20 an hour cleaning floors, cutting grass and setting up for assemblies in the community, about 30 miles (48 kilometers) northwest of Boston.
NH Hoteles SA, Spain’s largest business hotel chain, rose to the highest in more than 10 months in Madrid trading after the company said its considering a proposal by KKR & Co. LP to issue new securities convertible into shares.
Stena AB, a Swedish shipping company, and U.S. private equity firm KKR & Co LP and are among those interested to acquire Istanbul’s ferry operator, Dunya said, without saying where it got the information.
TPG Capital, KKR & Co LP and Time Warner Inc. are in talks to buy media assets from Turkey’s Calik Holding AS, which include Sabah newspaper and ATV television, four people familiar with the situation said.