{"id":5782,"date":"2007-03-09T00:00:00","date_gmt":"2007-03-09T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"corrected-mergertalk-hedge-funds-muscle-in-on-bankruptcies-wis","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2007\/corrected-mergertalk-hedge-funds-muscle-in-on-bankruptcies-wis.html","title":{"rendered":"MergerTalk: Hedge funds muscle in on bankruptcies"},"content":{"rendered":"<p>  New York &#8211; The contentious Northwest Airlines Corp. (NWACQ.PK) bankruptcy case is a new battleground in a larger war between hedge funds and distressed companies that will only widen, experts say.<\/p>\n<p>  The No. 5 U.S. airline wants to cancel existing stock and issue new equity to creditors as part of plan to exit Chapter 11 bankruptcy this spring, less than two years after it filed.<\/p>\n<p>  But a group of 13 hedge funds, which collectively hold 19 million shares, or about 30 percent, are fighting the plan, contending Northwest&#8217;s equity has value despite the company&#8217;s assertions to the  contrary.<\/p>\n<p><strong><br \/><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/5-0&amp;fd=R&amp;url=http:\/\/www.wistv.com\/Global\/story.asp%3FS%3D6200016&amp;cid=1114009636&amp;ei=RHPxRanbLM6CsQGMmM3qCQ\">Read CompleteArticle<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York &#8211; The contentious Northwest Airlines Corp. (NWACQ.PK) bankruptcy case is a new battleground in a larger war between hedge funds and distressed companies that will only widen, experts say. The No. 5 U.S. airline wants to cancel existing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5782","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5782"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5782\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}