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>> No.55380353 [View]
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55380353

>>55380323
Icahn is known for his leveraged buy out strategy which often includes a large bond position (which he then leverages to spin-off/merge with his target company). The latest 8k filed this morning showed $1.7b in debt with the vast majority of it being bonds.

In the 10q BBBY claimed there was $6b in debt, meaning chapter 11 proceedings allowed them to get out of $4b in debt. Bondholders look like the acquirers now, this also explains why bonds have been pushed by shills so much lately. Trying to dilute whoever is going to LBO the company, last minute hedgie trick

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