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New developments in Vitro SAB bankruptcy case

Post Time:Jan 10,2012Classify:Industry NewsView:302

 

Mexican glass manufacturer 

 

According to the Bloomberg article, "Bondholders don't like the Mexican plan because it would allow shareholders to retain ownership even though the bonds aren't fully paid. In addition, bondholders fault Mexican procedures because the Vitro parent is using $1.9 billion in claims held by subsidiaries to vote down opposition from third-party bondholders."

 

 

Source: http://www.glassmagazine.comAuthor: shangyi

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