Old Feb 13, 13, 3:03 pm
  #11  
MiamiAirport Formerly NY George
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Join Date: Sep 2006
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Originally Posted by mrowl View Post
according to Bloomberg, both boards have met, and agreed to terms of merger. Parker will be CEO.
While anything can happen I say 99.5% this deal is done. An announcement should likely be made after the market closes. Also, remember that a Plan of Reorganization still needs to be filed with the Court, sent to creditors for a vote and then approved by the Judge. There certainly is the risk of certain creditors trying to hold it up although if there is general consensus among most creditors the Judge would likely just overrule any objection.

It probably won't be until late spring or summer until the deal is actually done. It will take another several months before changes to take effect that would impact FFs.
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