Rabu, 30 Desember 2009

TEAMSTERS PLAN PROTEST, CALL ON YRC BOND EXCHANGE HOLDOUTS TO CONVERT

Handful of Bondholders Jeopardizing Tens of Thousands of JobsThe Teamsters Union is calling on the small number of bondholders that are standing in the way of YRC Worldwide Inc.’s financial restructuring to take part in debt-to-equity exchange.The union believes that hedge funds Brigade Capital Management and JMB Capital Partners, and banks including UBS, Barclays and TD Bank, hold positions and

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