RE:RE:Interesting - chaotic - fun to watch !!!This is an option now for a portion . From seeking alpha
Endo creditors looking at putting company up for sale through bankruptcy - Bloomberg
Endo International (NASDAQ:ENDP) creditors are looking at putting the pharma company up for sale through a bankruptcy, likely through a Chapter 11 filing in New York, Bloomberg reported.
Endo (ENDP) has a debt load of more than $8B and is still facing many lawsuits over its alleged role in the nation's opioid epidemic.
A bankruptcy filing would make it easier for Endo (ENDP) to make deals with with governments and other entities suing the company.
Bloomberg said that some first-lien lenders are competing to use their debt holdings toward a bid for the company’s assets.
Seeking Alpha contributor CashFlow Hunter, which has a strong sell rating on Endo (ENDP), has said a bankruptcy filing is imminent.