WSJ – U.S. hedge funds led by Apollo Global Management APO +0.48% and Oaktree Capital Group are poised to reject Nine Entertainment Co.’s board-endorsed restructure within the next 24 hours, a person familiar with the matter said Thursday.
Apollo and Oaktree – who own around 40% of Nine’s 2.3 billion Australian dollar (US$2.33 billion) senior debt pile maturing in February 2013 – are expected to table a new offer within the same time frame, the person said.
Read Complete Article (Subscription required)
