Creditors of Distressed Companies Seek Disclosures
January 8, 2014 Leave a comment
Creditors of Distressed Companies Seek Disclosures
EMILY GLAZER
Jan. 5, 2014 6:42 p.m. ET
Creditors of distressed companies have taken on a new role: transparency advocates. Bondholders and other creditors of companies close to bankruptcy are pushing the firms to disclose heaps of information after confidential talks with the distressed outfits stall or end. Their goal: to be able to trade free from accusations that they are using inside information not accessible to others. Read more of this post

Aggressive investors including Elliott Management and Barington Capital Group LP were a driving force behind a number of deals at big companies in 2013. According to FactSet SharkWatch, there were 10 instances in 2013 in which a U.S. company agreed to break itself up or sell or exit businesses after an investor pushed it to make such changes, even if the moves didn’t always satisfy the activist. 


