Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.935

-1.1%

12:59 PM EST

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To: Oracle who wrote (6231)	8/2/1998 7:01:00 PM
From: RockyBalboa	Read Replies (1) of 22640

New TBR head. Well maybe sort of liquidator, who has to dissolve company. And eats up the stub. At least he is paid from the cash prevailing in TBR after dissolving its remaining assets. Much work has to be done in TBR company, anyway. Administration, dissolving assets, laying off 400 remaining TBR personnel at reasonable shakehands. Dealing with trade unions about layoffs... More generally, it would be interesting to know who has been engaged in and which CA is auditing the dismantling of TBR and whether there will be an intermediary or final report on the whole process. Christian

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