Jump to content

L Brands Risk Arb Play Dead?


wescobrk

Recommended Posts

Any risk arbs have a good background in "ordinary course covenant?"

If so, do you think the L Brands deal will go through? The shares dropped more than 20% today.

PE firm buying it is arguing L Brands violated that clause when it closed stores due to Covid. L Brands is arguing its behavior is consistent with other businesses due to the pandemic.

Link to comment
Share on other sites

No insight on the merger but a scumbag move by a scumbag firm. Do we give everyone a mulligan on stocks they bought in January/February? They made a move they now regret and are trying to weasel out. Hopefully a judge sees this and makes them pay.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...