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Videogame maker THQ gets court approval for longer auction process
Reuters: Private Equity
Tue, 8 Jan 2013
Jan 8 (Reuters) - Videogame maker THQ Inc said it received court approval for a longer bankruptcy auction process that will allow other parties to bid for its assets, after it reached an agreement...
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.