Bondholders threaten takeover of failed Japanese consumer lender
A&P Financial’s court-mandated takeover of Japan’s Takefuji Corp. could be derailed after bondholders in Takefuji sought to force the consumer lender into liquidation with a view to seeing a better recovery from their investment, Reuters reported.
Takefuji went under last September and A&P reached a purchase agreement in April, after being chosen by a court-appointed administrator from a field of bidders that included Cerberus Capital Management,...
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