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Wednesday, April 27, 2016

Retailer Sports Authority Abandons Reorganization

http://blogs.wsj.com/bankruptcy/2016/04/27/retailer-sports-authority-abandons-reorganization/


Sporting-goods retailer Sports Authority is abandoning its reorganization and instead will liquidate, Daily Bankruptcy Review reports in The Wall Street Journal.
 (Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)
Caesars Entertainment Operating Co. and its nonbankupt parent made a settlement offer with a group of bondholders to try to move the operating unit’s chapter 11 case ahead. WSJ has the DBR article here.

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