Clearway Capital urges GZO board to expedite Infracore offer
Clearway Capital called on the GZO board to accelerate implementation of the Infracore offer.
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06:09:05 AM UTC
SquawkNews
Clearway says Infracore irrevocably committed to file a CHF 70M cash offer for GZO’s real estate and operating assets if GZO’s composition agreement fails. Clearway estimates bondholder and noteholder recovery at about 65% under a revised settlement, versus 45.7% under GZO’s plan.Material DetailsCo…