Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (485460)	6/5/2009 7:13:47 PM
From: combjelly	Read Replies (1) of 1574000

"$2bil isn't the price paid for the company. Its $2bil plus the net forgiven debt." The debt is a given. Chances are excellent if it wasn't for the government money, the dollars in play would have been far less. "For this close to equal amount the union is getting a noticeably larger percentage of ownership in the new company," Of course. The union and the two governments are going to have ongoing commitments to the new company. The other bondholders won't. Again, if they wanted more, they were free to make offers of their own. The judge has gone with this plan because he clearly thinks that more value will be preserved than by selling off the various pieces. You have the same problem that i-node and Josef have. You haven't come up with any reason why the judge is going forward with this if it is illegal or even unusual. Granted, it is a little different than most bankruptcies, but the circumstances are more than a little different.

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