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TAKEOVERS AND BUYOUTS CLOBBER BLUE-CHIP BONDHOLDERS.
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- معلومة اضافية
- نبذة مختصرة :
The article explains that the takeover, stock repurchasing, and leveraged-buyout trends have affected the portfolio of corporate blue-chip bondholders in the U.S. Bondholders face the prospect of owning the securities of a company laden with debt. The AA-rated bonds of CBS Inc. plunged in value after the firm swapped new debt for old equity as an antitakeover strategy.
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