RE:CORUS is technically in bankruptcy There are plenty of ways.
You cant kick off class actions in Canada for this kind of thing. Its listed on the TSX not the US sides. So thats out of the question. Institutional holders are going to sue for what? Things covered by forward looking statements?
The Shaw family arent going to try and buy anything. Theyre trying to get out of the businesses and liquidate. Hence the merger with Rogers.
Corus is not technically in bankrupcy, saying this says alot about your character, technically.
Technically S&P just downgraded their credit rating to b- (speculative)
Technically if they were on the verge of actually defaulting they would have rated them CCC-.
There are a whole 2 ratings before they're considered fkd, and S&P would have been harsher.
BLUEBERRY5 wrote: There is no way that such a company with a barely .15 stock can achieve a turnaround, with such a huge debtload. The following sequence of events will be lawsuits that will emerge from mainly institutional shareholders, then board members departure, then a Companies Creditors Arrangement Act filing. The Shaw family wont in my view aim at buying the company until it is declared insolvent and a liquidation process gets underway under Court supervision.