Bruker Falls After Winning Auction to Buy NanoString Tech
(Adds share move in the first bullet, analyst comment starting in the second, background beginning in the fourth.)
Bankruptcy Law News
Prison Health Company Bankruptcy Poses Unique Hurdles to Inmates
A distressed prison health-care company is forcing complex corporate bankruptcy machinations onto inmates, a group with limited access to legal information.
Fourth Circuit Denies Speedy Appeal for Asbestos ‘Two-Step’ Case
Plaintiffs fighting Trane Technologies Plc’s attempt to use bankruptcy to resolve asbestos liabilities lost their bid for a fast-tracked appeal challenging the legality of the maneuver.
Small Businesses Included in Debt Discharge Limits, Court Says
Company debtors taking advantage of a 2019 federal provision meant to ease small business bankruptcy filings remain subject to an older bankruptcy rule that prohibits certain debts from being discharged, the Fifth Circuit said Wednesday.
IRS Liens Apply to Bankrupt Tax Debtor’s Jointly Owned Residence
A tax debtor can’t exempt the home he owns jointly with his wife from being leveraged in bankruptcy proceedings to pay the IRS, the Fourth Circuit affirmed Wednesday.
Purdue Approved for Up to $7.2 Million in Executive Bonuses
Purdue Pharma won a bankruptcy judge’s approval to pay up to $7.2 million in bonuses to three top executives.
Latest Stories
Elevance Raises Forecast Amid Industry Cyberattack Concerns
Bidders Eye €800 Million Debt to Fund Deal for Acqua e Sapone
Potential bidders for Italian discount retailer <-bsp-bb-link state="{"bbHref":"bbg://securities/1111813D%20IM%20Equity","_id":"0000018e-f150-d583-afbf-f3dc78e10000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Acqua e Sapone are mulling debt packages of around €800 million ($851 million) to fund a buyout from owner <-bsp-bb-link state="{"bbHref":"bbg://securities/61128Z%20US%20Equity","_id":"0000018e-f150-d583-afbf-f3dc78e20000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">H.I.G Capital, according to people with knowledge of the matter.
CREDIT DAYBOOK AMERICAS: LG Tapping IG as Sales Top $24 Billion
Korean electronics giant LG kicked off activity in the US <-bsp-bb-link state="{"bbHref":"bbg://screens/NIM%203","_id":"0000018e-f0fa-d583-afbf-f2fe75ac0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">investment-grade primary market Thursday, announcing a two-part deal that includes a sustainability bond. Meanwhile, a lender call is scheduled for a $3.6 billion amended and extended first lien term loan for KKR-backed medical transport provider Global Medical Response.
Creditor Betrayals Pit Invesco Against Bain in Bankruptcy Rumble
<-bsp-person state="{"_id":"0000018e-f0fa-d583-afbf-f2fe75b20000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Matthew Brooks stared at the numbers glowing on his screen in disbelief. Somehow, a big slug of cash — some $92 million — was about to hit
Rio, Saudi Arabia Said to Vie for Stake in First Quantum Mines
<-bsp-bb-link state="{"bbHref":"bbg://securities/0730100D%20AU%20Equity","_id":"0000018e-f105-d583-afbf-f3dd2a040000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Rio Tinto Group and Saudi Arabia’s state-backed <-bsp-bb-link state="{"bbHref":"bbg://securities/2295975D%20AB%20Equity","_id":"0000018e-f105-d583-afbf-f3dd2a040001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Manara Minerals Investment Co. are among suitors considering bids for a stake in
Prison Health Company Bankruptcy Poses Unique Hurdles to Inmates
A distressed prison health-care company is forcing complex corporate bankruptcy machinations onto inmates, a group with limited access to legal information.
WeWork Co-Founder Neumann Prepared to Beat Any Bid by 10%: FT
WeWork co-founder Adam Neumann has made a fresh push to regain control of the company, FT reports, citing two unidentified people familiar with the matter.
Berkshire’s Yen Bond Sale Gives Buffett More Cash to Buy Stocks
Warren Buffett’s <-bsp-bb-link state="{"bbHref":"bbg://securities/BRK%7CA%20US%20Equity/RELS","_id":"0000018e-f067-d583-afbf-f2ff09e70000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Berkshire Hathaway Inc. priced ¥263.3 billion ($1.71 billion) of bonds in the firm’s largest yen debt deal since its debut sale in the currency in 2019, raising bets it may boost holdings of Japanese stocks.
Caputo Speech At JPMorgan Event Helps Propel Argentine Bonds
Argentina’s Economy Minister <-bsp-person state="{"_id":"0000018e-eeab-d583-afbf-eeff070e0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Luis Caputotold investors that President <-bsp-person state="{"_id":"0000018e-eeab-d583-afbf-eeff070e0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Javier Milei is committed to a dramatic fiscal adjustment, helping fuel a rally in the nation’s bonds late on Wednesday.
EXPLORE BLOOMBERG LAW
Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: