Optimum Communications Inc Class A
OPTU: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Vj^mzhG | LOCK|$n | LOCK|wv |
Optimum: Under Review on Complex Restructuring and Tender Offer
Optimum Communications announced a complex restructuring to shield certain assets from creditors and force creditors to negotiate a debt restructuring. The firm created a new entity that has raised more than $500 million, most of which will be used to buy Optimum shares at $2.50 each.
