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  #1  
Unread September 17th, 2010, 09:46 AM
DeDampkring DeDampkring is offline
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Icahn to the Rescue?

Carl Icahn just bought 30% of BB's bonds yesterday. The move has done next to nothing to the stock price, still hovering at $.08 per share. He now has a lot of control in the coming talks concerning BK.

Should be interesting to see how this plays out in the next weeks.
  #2  
Unread September 17th, 2010, 10:58 AM
TelePizza TelePizza is offline
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That's definitely an odd move on his part. I'm sort of wondering what he's thinking about doing. My guess is either complete liquidation or lots of store closures and a big move to online / kiosks.
  #3  
Unread September 17th, 2010, 11:05 AM
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yodavsjason yodavsjason is offline
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I think he wants to buy the company so he can piss on it.
  #4  
Unread September 17th, 2010, 11:31 AM
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UkBuddy UkBuddy is offline
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From what i've read about Carl Icahn, he breaks/mergers companies up/together. I think stores gone, Kiosks sold to NCR over time, Europe business sold to private firms, The core business from this will be online and streaming (worldwide) because of the digital rights, then who knows.........
  #5  
Unread September 17th, 2010, 11:32 AM
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http://blogs.wsj.com/bankruptcy/2010...ckbuster-debt/

Carl Icahn is telling people close to Blockbuster Inc. that he holds roughly a third of the beleaguered movie-rental chain’s senior debt, enough for him to steer the company’s restructuring, The Wall Street Journal reports.

Chemtura Corp. and its shareholders sparred Thursday in bankruptcy court in day one of what promises to be a protracted fight over the chemical company’s plan to exit Chapter 11 protection. Read the Daily Bankruptcy Review story here.

Lehman Brothers Holdings Inc. claims with a face value of $24.2 billion changed hands during the firm’s second year of bankruptcy, according to data from SecondMarket, Bloomberg reports.

A New York state judge on Thursday blocked a group led by investor William Ackman from foreclosing on Manhattan’s giant Peter Cooper Village and Stuyvesant Town apartment complex, according to WSJ.

A federal judge has dismissed a bankruptcy petition by the owner of Highland Mall in Austin, Texas, the Austin American-Statesman reports.
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  #6  
Unread September 17th, 2010, 11:45 AM
DeDampkring DeDampkring is offline
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A shares are now down 1.25%

Something is up, I still think we will here BB is going BK by end of next week.

Regardless, end of this month will tell all.
  #7  
Unread September 17th, 2010, 11:50 AM
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yodavsjason yodavsjason is offline
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I can see that aunti Aco is going to fist fuck us with a pair of keys.
  #8  
Unread September 17th, 2010, 01:14 PM
itirnitii itirnitii is offline
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Wow 30% of the company... That cost him what? Negative 300 million dollars?
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  #9  
Unread September 17th, 2010, 01:24 PM
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Ican has no interest to rescue this company, all he wants is to get back some of the money he lost. He will liquidate the assets and be done with it.
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  #10  
Unread September 17th, 2010, 02:23 PM
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Should we all invest and get some of that money too :P
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