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Rockport Co. LLC, a New England-based shoe business that emphasizes the comfort of its wares, has been snapped up in an M&A deal.
Institutional Shareholder Services has reversed its previous position and now backs an $8.7 billion merger between Family Dollar Stores Inc. and Dollar Tree Inc.
Activist shareholder Starboard Value sent a strongly-worded letter to Yahoo! Inc. this week, criticizing M&A rumors and tax strategies for the company's stake in Chinese online commerce giant Alibaba.
More than 50% of first-lien bondholders at Caesars Entertainment Corp.’s operating unit have signed on to the unit’s restructuring plan.
It now has the support of more than 50% of first-lien bondholders for the restructuring of its operating unit.
The company's bonds also fall as Brazilian officials include it in Petrobas bribery investigation.
The deal will aid the casino owner as its operating company restructures $18.6 billion in debt.
Trading in the state's bonds has slowed as the Illinois Supreme Court takes up the appeal of a lower court's decision that a pension reform bill is unconstitutional.
This week has been jam-packed with new developments from some of the troubled casino operators we're watching: Caesars Entertainment Corp., Revel AC Inc., and Trump Entertainment Resorts Inc.
Caesars Entertainment Corp.'s debt-laden operating unit, Caesars Entertainment Operating Co. (CEOC), is working to finalize a restructuring plan for a prearranged bankruptcy filing.