OTC-Insolvenztitel vor der Rettung? WKN: 890979

Diese Woche wirds hoffentlich knallen. Die Nachrichten dazu hätten wir.  

Der Flug kann beginnen..  

die Frist für die Investoren/Bieter läuft am 10.06.05/12:00 ab.
Der Reorganisationsplan sollte in naher Zukunft umgesetzt sein,
die Umwandlung der Aktien von WSPTV in WSPQE ist erfolgt.
Die Frage ist jetzt welchen Wert werden die Dinger haben, und das ist vom Investor abhängig der den Bieterwettstreit am Freitag gewinnen wird.
Wenn ich die 8K-Filings richtig lese schreibt Westpoint zur Zeit bis auf 1 oder 2 Bereiche schwarze Zahlen.
Bei einem Standort gibt es sogar Stellenausschreibungen.

schaun ´mer mal
ev  

geht es heute ab??  

kannst hier auch ein paar Euronen dazu verdienen, mit kleinem Einsatz viel rausschöpfen ; )

Gruß

C.O  

was habt ihr denn für nen kürzel für dieses baby?
finde nichts...  

http://finance.yahoo.com/q?s=WSPTQ.PK


Gruß

C.O  

aber vielen dank!!
mein RT spinnt heute. hast du kurse??  

die Bewerbung der BIETER Leute!!!
Also vor dem 13. passiert hier wohl nix, wenn sie denn überhaupt handelbar ist !!

WKN: 890979
OTC: WSPQE

so long
ev  

gespannt und auf die Neubewertung warte Ich ungeduldig ab...

Neubewertung oder Barabfindung ???

Gruß

C.O  

Hat einer nachgelesen ??

Was gibt es neues ??

Gibt es bereits Anbieter ???
--------------------------------------------------

10-Jun-2005

Regulation FD Disclosure, Financial Statements and Exhibits
 

On June 10, 2005, pursuant to the terms of the Company's Key Employee Retention and Severance Program and authorization of the Compensation Committee of its Board of Directors, the Company deposited discretionary funds into an escrow account in accordance with the terms of the Company's Key Employee Retention and Severance Program, as approved and extended by the Bankruptcy Court on October 23, 2003, and August 23, 2004, respectively.  The awards were granted to Messrs. M.L. "Chip" Fontenot, the Company's Chief Executive Officer and Lester D. Sears, the Company's Chief Financial Officer in the gross amount of $97,542 each.  Payment of the funds from the escrow account is contingent upon the confirmation of a plan by the Bankruptcy Court.  

http://phx.corporate-ir.net/...BhZ2U9MzUzODc1NyZkb2M9MCZhdHRhY2g9b24=


Gruß

C.O  

Icahn company wins battle for WestPoint Stevens
Fri Jun 24, 2005 01:41 PM ET
NEW YORK, June 24 (Reuters) - American Real Estate Partners LP (ACP.N: Quote, Profile, Research) , which is controlled by investor Carl Icahn, agreed to acquire bankrupt textile maker WestPoint Stevens Inc. (WSPTQ.OB: Quote, Profile, Research) for about $703 million, beating out other bidders in a bankruptcy court auction, WestPoint said on Friday.
The purchase, which requires final approval by the U.S. Bankruptcy Court for the Southern District of New York, would break up an earlier agreement for WestPoint to be sold to W.L. Ross & Co., a $2.5 billion buyout firm headed by "vulture" investor Wilbur Ross.

Icahn, a billionaire investor with holdings in telecom, gaming, oil and entertainment companies, previously built up a large stake in the debt of West Point, Georgia-based WestPoint, whose linens and towels are sold under the Polo Ralph Lauren, Disney Enterprises and Martha Stewart brands. Icahn holds 84.4 percent of American Real Estate Partners.

Early this year, Ross agreed to buy control of WestPoint in a deal that valued the company at $642.5 million in a move to add to his textile company holdings, which included Burlington Industries and Cone Mills, both of which were operating under bankruptcy protection.

But Icahn expressed dissatisfaction with the WestPoint offer and challenged it.

Icahn and Ross could not be reached for comment.


© Reuters 2005. All Rights Reserved.

 

 

WSPTQ: Sale to American Real Estate Partners Approved by Court



WestPoint Stevens Inc. (WSPTQ) and American Real Estate Partners, L.P. (ACP) (“AREP”) announced that the U.S. Bankruptcy Court has approved the sale of substantially all of WestPoint's assets to an indirect subsidiary of AREP, which is controlled by Carl C. Icahn. The AREP offer was the highest and best bid received in connection with the sale process approved by the Court in its reorganization proceedings for WestPoint.

The terms of the agreement valued at $703.5M, include the purchase of substantially all of the assets of WestPoint, the repayment of WestPoint's outstanding debtor-in-possession loans and assumption of certain working capital liabilities, the satisfaction of other secured claims, and the payment of $3M for wind-down costs. The agreement also provides for the issuance on account of the first lien debt of 35.0% of the equity in WS Textile Co. Inc., a newly formed company that will own indirectly the assets of WestPoint, a $125M rights offering for 47.5% of the equity of WS Textile Co., Inc., and a cash investment of $187M by AREP for 17.5% of the equity of WS Textile Co., Inc. By virtue of its position as a holder of WestPoint debt, AREP has agreed to subscribe to its portion of the rights expected to represent equity interests of not less than 19% of WS Textile Co., Inc. and has agreed to subscribe for any unexercised rights shares. As a result, it is expected that AREP will own in excess of 50% of the outstanding shares of WS Textile Co., Inc and may own up to 79%, to the extent the subscription rights are not exercised. A closing date for the proposed sale has yet to be announced. The closing of the sale is subject to customary and other deal-specific conditions and will be reflected in an order of the U.S. Bankruptcy Court authorizing the transaction, which is expected to be entered next week. Following the sale, WestPoint will wind down its estate, and as a result, all shares of its common stock would be cancelled with no payment.
 

WestPoint Stevens Sale to American Real Estate Partners Approved by Court



WEST POINT, Ga., and MOUNT KISCO, N.Y., June 30 /PRNewswire-FirstCall/ -- WestPoint Stevens Inc. (Pink Sheet: WSPTQ.PK) ("WestPoint") and American Real Estate Partners, L.P. (NYSE: ACP) ("AREP") announced today that the U.S. Bankruptcy Court has approved the sale of substantially all of WestPoint's assets to an indirect subsidiary of AREP, which is controlled by Carl C. Icahn. The AREP offer was the highest and best bid received in connection with the sale process approved by the Court in its reorganization proceedings for WestPoint.

The terms of the agreement valued at $703.5 million, include the purchase of substantially all of the assets of WestPoint, the repayment of WestPoint's outstanding debtor-in-possession loans and assumption of certain working capital liabilities, the satisfaction of other secured claims, and the payment of $3 million for wind-down costs. The agreement also provides for the issuance on account of the first lien debt of 35.0% of the equity in WS Textile Co. Inc., a newly formed company that will own indirectly the assets of WestPoint, a $125 million rights offering for 47.5% of the equity of WS Textile Co., Inc., and a cash investment of $187 million by AREP for 17.5% of the equity of WS Textile Co., Inc. By virtue of its position as a holder of WestPoint debt, AREP has agreed to subscribe to its portion of the rights expected to represent equity interests of not less than 19% of WS Textile Co., Inc. and has agreed to subscribe for any unexercised rights shares. As a result, it is expected that AREP will own in excess of 50% of the outstanding shares of WS Textile Co., Inc and may own up to 79%, to the extent the subscription rights are not exercised. A closing date for the proposed sale has yet to be announced. The closing of the sale is subject to customary and other deal-specific conditions and will be reflected in an order of the U.S. Bankruptcy Court authorizing the transaction, which is expected to be entered next week. Following the sale, WestPoint will wind down its estate, and as a result, all shares of its common stock would be cancelled with no payment.

Carl C. Icahn, Chairman of the Board of AREP's general partner reported "We are pleased with the outcome of this process and with WestPoint. We look forward to continuing to earn the trust of WestPoint's customers, employees and vendors."

M.L. "Chip" Fontenot, President and CEO of WestPoint Stevens commented, "Court approval of the sale agreement for WestPoint Stevens brings us closer to the successful conclusion of our reorganization process. Going forward, we will seek to take advantage of global opportunities."

Mr. Fontenot added, "I would like to thank our customers for their support during this very difficult process. In addition, we are extremely grateful for the support of our employees, vendors and communities."

WestPoint Stevens Inc. is a leading home fashions consumer products company, with a wide range of bed linens, towels, blankets, comforters and accessories marketed under the well-known brand names GRAND PATRICIAN, PATRICIAN, MARTEX, ATELIER MARTEX, BABY MARTEX, UTICA, STEVENS, LADY PEPPERELL, SEDUCTION, VELLUX and CHATHAM - all registered trademarks owned by WestPoint Stevens Inc. and its subsidiaries - and under licensed brands including CHARISMA, RALPH LAUREN HOME, DISNEY HOME and GLYNDA TURLEY. WestPoint Stevens can be found on the World Wide Web at http://www.westpointstevens.com.

AREP, is a master limited partnership engaged in a variety of businesses including oil and gas exploration and production; casino gaming and associated hotel, restaurant and entertainment operations; real estate activities including commercial rentals, residential development and associated resort activities; and investments in equity and debt securities. AREP's seeks to continue to grow and enhance the value of its core businesses and to acquire undervalued assets and companies that are distressed or in out-of-favor industries.

This shall not constitute an offer of any securities for sale, which offer may be made only pursuant to a registration statement filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 or an exemption therefrom. This shall not constitute an offer to sell or the solicitation of an offer to buy securities in any State in which such offer or solicitation would be unlawful prior to registration or qualification under the securities law of any such State.

AREP Safe Harbor Statement: This release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of AREP and its subsidiaries. Among these risks and uncertainties are changes in risks related to our oil and gas exploration and production operations, including costs of drilling, completing and operating wells and the effects of regulation, risks related to our casino gaming and associated hotel, restaurant and entertainment operations, including the effects of regulation, substantial competition, rising operating costs and economic downturns, risks related to our real estate activities including the extent of any tenant bankruptcies and insolvencies, our ability to maintain tenant occupancy at current levels, our ability to obtain, at reasonable costs, adequate insurance coverage, competition for investment properties, and other risks and uncertainties detailed from time to time in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise.

WestPoint Safe Harbor Statement: Except for historical information contained herein, certain matters set forth in this press release are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties may be attributable to important factors that include but are not limited to the following: Product margins may vary from those projected; Raw material prices may vary from those assumed; Additional reserves may be required for bad debts, returns, allowances, governmental compliance costs, or litigation; There may be changes in the performance of financial markets or fluctuations in foreign currency exchange rates; Unanticipated natural disasters could have a material impact upon results of operations; There may be changes in the general economic conditions that affect customer practices or consumer spending; Competition for retail and wholesale customers, pricing and transportation of products may vary from time to time due to seasonal variations or otherwise; Customer preferences for our products can be affected by competition, or general market demand for domestic or imported goods or the quantity, quality, price or delivery time of such goods; There could be an unanticipated loss of a material customer or a material license; The availability and price of raw materials could be affected by weather, disease, energy costs or other factors. The information contained in this release is as of June 30, 2005. WestPoint Stevens assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.

SOURCE  American Real Estate Partners, L.P.
   -0-                             06/30/2005
   /CONTACT:  Lorraine D. Miller, CFA, Senior Vice President, Finance and
External Communications of WestPoint Stevens Inc., +1-404-378-0491; John P.
Saldarelli of American Property Investors Inc., Chief Financial Officer,
Secretary and Treasurer, +1-914-242-7700 /
   /Web site:  http://www.westpointstevens.com /
   (ACP WSPTQ)

CO:  American Real Estate Partners, L.P.; WestPoint Stevens Inc.
ST:  Georgia, New York
IN:  RLT HOU OTC
SU:  TNM LAW BCY

LH
-- NYTH069 --
7419 06/30/200508:52 EDThttp://www.prnewswire.com


Gruß

C.O
 

WestPoint Stevens Sale to American Real Estate Partners Completed
Monday August 8, 10:13 pm ET  
Newly Created WestPoint International, Inc. Will Benefit from Strong Capital Structure


MOUNT KISCO, N.Y. and WEST POINT, Ga., Aug. 8 /PRNewswire-FirstCall/ -- American Real Estate Partners, L.P. (NYSE: ACP - News; "AREP") and WestPoint Stevens Inc. (Pink Sheet: WSPTQ.PK) ("WestPoint Stevens" or the "Company") announced today that WestPoint Stevens has completed the sale of substantially all of the Company's assets to WestPoint International, Inc., a newly created entity a majority of the voting securities of which will be owned by AREP. AREP, which is affiliated with Carl C. Icahn, is engaged in core businesses that include oil & gas, gaming and real estate. As the result of its stock ownership, AREP will be able to elect the entire board of directors of WestPoint International.
ADVERTISEMENT


The terms of the sale, valued at $703.5 million, provide for the issuance of stock in WestPoint International, Inc. that will own all of the purchased assets of WestPoint Stevens Inc. through its indirect subsidiary, WestPoint Home, Inc., which will be the primary operating entity of the new company. In accordance with the terms of the purchase agreement, WestPoint Home, Inc. will pay current trade payables to WestPoint Stevens' vendors in the ordinary course.

The holders of the Company's first lien debt will receive 35% of the common stock of WestPoint International, Inc. As the holder of 40% of the Company's first lien debt, a subsidiary of AREP will acquire approximately 14% of the common stock of WestPoint International, Inc. Pursuant to the sale agreement, the holders of WestPoint Stevens' first and second lien debt will be given rights to subscribe for additional shares of common stock representing 47.5% of the common stock of WestPoint International, Inc. A subsidiary of AREP has agreed to subscribe to its portion of the rights and will thereby acquire not less than an additional 19% of the common stock of WestPoint International, Inc. at a cost of approximately $50 million. AREP has also agreed to subscribe for any unexercised rights and may acquire up to an additional 27% of the common stock of WestPoint International, Inc. at a cost of approximately $75 million if other first and second lien holders exercise none of the rights. Finally, a subsidiary of AREP made an investment of $187 million in exchange for 17.5% of the common stock of WestPoint International, Inc. Accordingly, AREP will own up to 79% of the equity of WestPoint International, Inc., an amount that may reduce to 51% in the event that the other recipients of the subscription rights exercise all of their rights.

Following the sale, WestPoint Stevens will wind down its estate, and as a result, all shares of its common stock will be cancelled with no payment.

Carl C. Icahn, Chairman of the Board of AREP's general partner stated, "We believe that the home textiles industry remains a large and profitable market in which WestPoint can create sustainable competitive advantage. WestPoint's assets -- built over decades of investment -- are substantial, including its manufacturing expertise, capital assets, personnel, brands, distribution skills, and customer relationships. While others worry about the challenges faced by industries in change, we see these challenges as presenting the opportunity for the emergence of a well-capitalized, industry-leading player, especially with a meaningful infusion of capital from AREP."

M.L. "Chip" Fontenot, President and CEO of WestPoint Stevens commented, "AREP's investment is an important milestone in WestPoint's transition toward becoming a more global player in the home textiles industry. New capital invested in our business will give us the freedom and financial resources to focus with renewed vigor on growth and the next stage of our transformation."

American Real Estate Partners, L.P., a master limited partnership, is a diversified holding company engaged in a variety of businesses. AREP's businesses currently include gaming; oil & gas exploration and production; and real estate.

WestPoint International Inc. is the nation's premier home fashions consumer products company, with a wide range of bed linens, towels, blankets, comforters and accessories marketed under the well-known brand names GRAND PATRICIAN, PATRICIAN, MARTEX, ATELIER MARTEX, BABY MARTEX, UTICA, STEVENS, LADY PEPPERELL, SEDUCTION, VELLUX and CHATHAM -- all registered trademarks owned by WestPoint International Inc. and its subsidiaries -- and under licensed brands including CHARISMA, RALPH LAUREN HOME, DISNEY HOME and GLYNDA TURLEY.

This shall not constitute an offer of any securities for sale, which offer may be made only pursuant to a registration statement filed with the Securities and Exchange Commission pursuant to the Securities Act of 1933 or an exemption therefrom. This shall not constitute an offer to sell or the solicitation of an offer to buy securities in any State in which such offer or solicitation would be unlawful prior to registration or qualification under the securities law of any such State.

AREP Safe Harbor Statement: This release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward- looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of AREP and its subsidiaries. Among these risks and uncertainties are changes in risks related to our oil and gas exploration and production operations, including costs of drilling, completing and operating wells and the effects of regulation, risks related to our casino gaming and associated hotel, restaurant and entertainment operations, including the effects of regulation, substantial competition, rising operating costs and economic downturns, risks related to our real estate activities including the extent of any tenant bankruptcies and insolvencies, our ability to maintain tenant occupancy at current levels, our ability to obtain, at reasonable costs, adequate insurance coverage, competition for investment properties, and other risks and uncertainties detailed from time to time in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise.

WestPoint Stevens Safe Harbor Statement: Except for historical information contained herein, certain matters set forth in this press release are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties may be attributable to important factors that include but are not limited to the following: Product margins may vary from those projected; Raw material prices may vary from those assumed; Additional reserves may be required for bad debts, returns, allowances, governmental compliance costs, or litigation; There may be changes in the performance of financial markets or fluctuations in foreign currency exchange rates; Unanticipated natural disasters could have a material impact upon results of operations; There may be changes in the general economic conditions that affect customer practices or consumer spending; Competition for retail and wholesale customers, pricing and transportation of products may vary from time to time due to seasonal variations or otherwise; Customer preferences for our products can be affected by competition, or general market demand for domestic or imported goods or the quantity, quality, price or delivery time of such goods; There could be an unanticipated loss of a material customer or a material license; The availability and price of raw materials could be affected by weather, disease, energy costs or other factors. The information contained in this release is as of August 8, 2005. WestPoint Stevens assumes no obligation to update any forward-looking statements contained in this document as a result of new information or future events or developments.


 

Wo kommt denn der Handel in USA her??
Eigentlich gibt es doch nur noch den Aktienmantel.
Der Laden wurde abgewickelt und die freien Aktionäre sind natürlich leer ausgegangen.
Ich habe mal grob bei Google nachgesehen, habe aber nichts gefunden.
Vieleicht hat ja einer von Euch irgenteine Quelle.