Optimum Communications Inc Class A

OPTU: XNYS (USA)
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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.

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