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Global Crossing Restructuring Plan Gives Creditors a Bigger Stake
Unhappy with a buyout offer from two Asian companies, creditors of Global Crossing Ltd. plan to join the bankrupt telecommunications carrier in proposing a restructuring plan that would give them far greater control of the broadband provider's worldwide operations. The proposal is intended to lure new bidders and entice a better offer out of buyers.
May 30, 2002 at 12:00 AM
1 minute read
By Leon Lazaroff |
Updated on May 30, 2002
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