Blockbuster insolvent - der Zock beginnt
habe ich grad noch gefunden:
Dish-Blockbuster Ruft Kartellrecht OK
10. April 2011 | Kommentar abgeben |
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Englewood, Colorado - DISH Network Corporation (NASDAQ: DISH ) die folgende Erklärung über den Erhalt, heute früh, der kartellrechtlichen Genehmigung für seine ausstehenden Erwerb von im Wesentlichen alle Vermögenswerte der Blockbuster, Inc.:
"Wir freuen uns zu berichten, dass heute bereits US-Kartellbehörden erteilt vorzeitigen Beendigung der Wartefrist nach dem Hart-Scott-Rodino Act in Verbindung mit unserem Erwerb der ausstehenden wesentlichen alle Vermögenswerte von Blockbuster, Inc.
Wir würdigen das Justizministerium und die Federal Trade Commission für ihre zügige Fertigstellung des Review-Prozesses, und wir erwarten Schließen der Blockbuster Transaktion auf 21. April 2011. "
Dish Network Corp (Nasdaq: DISH )
Sind ziemlich starke Umsätze in der letzten halben Stunde, welche bisher immer bei 0,06 abprallen...
bei dish läuft es im Moment auch nicht rund:
http://www.godmode-trader.de/nachricht/...Corporation%2Ca2512511.html
Bei Blockbuster fehlt irgendwie der Funke zum Anspringen.
Gruss gretel
nur mm
Sonst verliert man den Spass an der Sache und wird wohlmöglich noch in Depressionen fallen und das können wir wohl alle nicht gebrauchen. Lasst es einfach laufen und wartet ab, das Blatt wendet sich oder wendet sich nicht.
Wünsche trotzdem allen einen schönen Tag auch wenn die scheis... Aktien und das scheis... Wetter nicht so wollen wie wir wollen;) Alles wird gut
Blockbuster Files Order to Divide Sale Proceeds
Blockbuster Inc. filed a proposed order yesterday laying out the complex formula for distribution of proceeds from the sale of the business that the bankruptcy judge tentatively approved at an April 7 hearing. If objections are filed by this morning’s deadline, the U.S. Bankruptcy Court in New York will hold a hearing on April 14 to decide what form of order should be signed for formal approval of the sale.
The proposed order contains formulas specifying how much will be paid to holders of the $630 million in secured notes, who won’t be paid in full, and to creditors with claims arising during the Chapter 11 case, who also won’t be paid in full.
Any outstanding fees and expense on the loan for the Chapter 11 case will be paid in full, together with $125 million in pre-bankruptcy secured notes that were converted by the post- bankruptcy lending agreement into a secured obligation of the Chapter 11 case.
The amount carved out for professionals in the post- bankruptcy loan agreement will be set aside, along with $12.5 million to cover expenses in winding down the company.
There is $10 million for what are deemed “critical expenses” and $7.4 million for movie studios. There is $4 million more to be divided among creditors with claims arising after the September Chapter 11 filing plus whatever is necessary to cover budgeted expenses during the sale process.
The remainder will be divided, with noteholders receiving 75 percent and 25 percent going to claims arising in the Chapter 11 case before the sale process began.
The final form of the sale agreement wasn’t attached to the proposed order.
Dish Network Corp. won last week’s auction with an offer having a gross value of $320 million. Dish said it expects to pay $228 million cash after adjustments for Blockbuster’s cash and inventory.
After bankruptcy, Dallas-based Blockbuster rejected about 220 leases for stores previously closing and is now rejecting another 185. Blockbuster Chief Executive Officer James W. Keyes in an interview said that about 1,700 stores will remain after the latest round of closings.
Blockbuster began reorganization in September with 5,600 stores, including 3,300 in the U.S. and the remainder abroad. Among the U.S. stores, 3,000 were owned. The rest are franchised. About 200 stores closed before bankruptcy.
The petition listed assets of $1.017 billion against debt of $1.465 billion. Blockbuster estimated it owes $57 million in accounts payable in addition to secured and subordinated notes.
The case is In re Blockbuster Inc., 10-14997, U.S. Bankruptcy Court, Southern District New York (Manhattan).