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Elliot's long term plan is to merge the ILEC assets of FTR and WIN
Hey frontier people, you should pay close attention to this outcome...your fate will most likely be the same!!
From the Little Rock newspaper:
"Windstream Holdings Inc. will have to wait another day before it learns whether it has clearance to exit bankruptcy and begin operating as a privately held company."
"Testimony in Windstream's final confirmation hearing of its reorganization plan dragged on all day Wednesday and left little time for U.S. Bankruptcy Judge Robert Drain to rule in the case. Drain said he expects to issue a ruling today when the hearing reconvenes."
Sounds like the judge has heard and read so much that he's not going to waste time studying further.
Windstream Holdings Inc. on Wednesday defended its Chapter 11 plan in New York bankruptcy court from claims by unsecured noteholders that the plan grants first-lien creditors unjustified claims on the cable company's assets. Over the course of a more than a seven-hour remote hearing before U. S. Bankruptcy Judge Robert Drain, counsel for Windstream argued that the plan offers the best recoveries for all parties, while counsel for unsecured noteholders said the first-lien lenders were being granted assets that should be unencumbered.
That's all I could see without a subscription; I used my browser's "reader view"
Was there anything published about yesterday's outcome?
Summary of what's going on is at:
Site requires registration however I was able to get around that by using my browser's "reader view" option
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