Home>Topics>>UPDATE 2-THQ files for bankruptcy, Clearlake to bid for assets
UPDATE 2-THQ files for bankruptcy, Clearlake to bid for assets
Reuters: Mergers News
Wed, 19 Dec 2012
SAN FRANCISCO, Dec 19 (Reuters) - Videogame maker THQ Inc said on Wednesday it filed for bankruptcy protection, and entered into an agreement with private investment firm Clearlake Capital Group for...
The Fairholme manager comments on the fund's significant investment in the convertible bonds and bank debt of bankrupt mall operator General Growth Properties.
A shorter, more orderly bankruptcy process is good news for distressed debt investors, but it does shift the game a little bit, says Third Avenue's Jeff Gary.