David Elman is the bankruptcy editor at The Deal covering new bankruptcy filings, court hearings, controversies and debtor-in-possession loans and exits. David also edits auction, out-of-court and private equity copy, produces the Restructuring Insider newsletter and helps compile the M&A Tipsheet newsletter. Before joining The Deal in 2003, David was a copy editor at Institutional Investor, Strategic Finance and Management Accounting Quarterly.
The private equity-backed wedding gown retailer takes a restructuring to court that will cut more than $430 million in debt and keep its stores open.
The retailer looks to sell its Sears Home Improvement Products business to Service.com for $60 million, subject to an auction, as its sale process gets underway in earnest.
The struggling retailer seeks bankruptcy protection after more than a century as an American icon.
Shares in the media company fall amid allegations of misconduct against CEO Les Moonves.
CEO Bob Iger touts the strength of the company's film and theme park businesses on a quarterly earnings call while noting its new streaming products do not rely on acquiring Fox's assets for success.
Moody's and S&P have recently cut their ratings on the Centerbridge Capital-backed restaurant chain, citing the uncertainty of its ability to refinance $300 million in notes due June 2020.
The owner of MTV, Nickelodeon and Paramount Pictures could make a rival proposal this week, according to a source, after rejecting a bid that was below its own market value.
Reports have said an offer for the cable network operator and movie studio owner could come in low.
The film studio's board of representatives says it has concluded a $500 million offer 'was illusory,' leaving it with no viable options outside of bankruptcy court.
Tronc's No. 2 shareholder, billionaire Patrick Soon-Shiong, will pay $500 million and assume $90 million in pension liabilities to acquire the Los Angeles newspaper as well as The San Diego Union-Tribune.
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