AllThingsD » Monarch Alternative Capital http://allthingsd.com Sat, 11 Feb 2012 15:49:25 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg All Things Digital http://allthingsd.com/ 144 22 Dish, Icahn Make Bids for Blockbuster http://allthingsd.com/20110401/dish-icahn-make-bids-for-blockbuster/ http://allthingsd.com/20110401/dish-icahn-make-bids-for-blockbuster/#comments Fri, 01 Apr 2011 15:42:29 +0000 Mike Spector http://voices.allthingsd.com/?p=38435 Dish Network Corp., the satellite-television company controlled by Charlie Ergen, and billionaire investor Carl Icahn have each submitted bids for Blockbuster Inc. ahead of a bankruptcy court auction next week, said people familiar with the matter.

Bids for the movie-rental chain were due Thursday evening, and a handful of potential suitors have been considering whether to square off against a group of hedge funds that already offered to buy Blockbuster for about $290 million, the people said.

The hedge funds, led by Monarch Alternative Capital, hold a big chunk of Blockbuster’s senior bonds and made a so-called “stalking horse” bid in February, setting a floor that other suitors must top to win the video-store chain.

Read the rest of this post on the original site

]]> http://allthingsd.com/20110401/dish-icahn-make-bids-for-blockbuster/feed/ 0 Silicon Graphics: Revs Grow; New Chairman; Needs Capital http://allthingsd.com/20080829/silicon-graphics-revs-grow-new-chairman-needs-capital/ http://allthingsd.com/20080829/silicon-graphics-revs-grow-new-chairman-needs-capital/#comments Fri, 29 Aug 2008 20:33:48 +0000 Eric Savitz http://voices.allthingsd.com/?p=3342 Silicon Graphics (SGIC) shares are up sharply on thin trading this morning after the company posted results last night for its fiscal fourth quarter ended June 27. The company also named Anthony Grillo, the CEO of American Securities Advisors, as chairman; he replaces Kevin Katari, of Watershed Asset Management, who resigned from the board. Also leaving the board is Chun Won Yi from investment firm Monarch Alternative Capital. As of June 30, Watershed held a 13 percent stake in the company, while Monarch owned 26.7 percent. Grillo has been on the board since October 2006.

Silicon Graphics reports some of the most complicated financial statements you will ever read; their latest quarter release is 26 pages long. Combine that with the fact that there are no analysts publishing on the stock and you have a set of results that are not easy to interpret. But here’s what I can tell you …

Read the rest of this post

]]> http://allthingsd.com/20080829/silicon-graphics-revs-grow-new-chairman-needs-capital/feed/ 0