Thread regarding Windstream Corp. layoffs

It worked out just as expected...

For the LR5 that is. 'File' for Chapter 11 after 'losing' a legal battle with New York hedge fund Aurelius Capital Management over whether the company had defaulted on bonds.

Loud laughing

'As part of restructuring, Windstream negotiated a proposal with hedge fund manager Elliott International and other investors to buy most of the company’s equity out of bankruptcy, while also removing a large chunk of its debt. In the end Windstream was able to shed more than $4 billion in debt and gain approximately $2 billion in hand to fuel new growth as a privately held company.'

And the same clowns basically were running the show - THE LR5! And now foreign ownership. And I bet TT and most of his buddies get to somehow stay in charge?

Perfect! What could go wrong?

Things couldn't have worked out more perfectly for them.

| 1580 views | | 2 replies (last )
Post ID: @OP+1n1syriM

2 replies (most recent on top)

Good thing they cleared out the nocs last month, here comes that diversity they were talking about.

Meanwhile the tacs can no longer fix problems because the people they relied on are gone.

Post ID: @hbe+1n1syriM

Lets see how the stream spin doctors report on this story and spin it as a win win come Friday.

Post ID: @jdf+1n1syriM

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