Tags: LightSquared | bankruptcy | Falcone | lenders

LightSquared Lenders Seek to End Falcone's Control of Bankruptcy

Tuesday, 27 Aug 2013 11:06 AM

A group of lenders to Philip A. Falcone’s LightSquared Inc. are seeking to end his control of the bankrupt company through a reorganization plan that will auction the company with a leading bid from L-Band Acquisition LLC, wholly owned by Dish Network Corp.

Lenders say the bid is worth $3.5 billion.


© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
Companies
A group of lenders to Philip A. Falcone's LightSquared Inc. are seeking to end his control of the bankrupt company through a reorganization plan that will auction the company with a leading bid from L-Band Acquisition LLC, wholly owned by Dish Network Corp.
LightSquared,bankruptcy,Falcone,lenders
51
2013-06-27
Tuesday, 27 Aug 2013 11:06 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved