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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (483159)5/25/2009 1:09:33 PM
From: combjelly  Read Replies (1) of 1573927
 
"Senior creditors with a combined greater debt, will wind up with a smaller percentage of the company (through taking equity in place of some of the debt) than the unions."

Apples and pineapples. Senior creditors get the available cash from the existing company. They have no particular status in the new company. That has nothing to do with the BK proceedings.
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