The art of vulture investing : adventures in distressed securities management / George J. Schultze with Janet Lewis.

Format:

Book

Author/Creator:

Schultze, George J., 1970-

Series:

Wiley Finance

Wiley finance series

Language:

English

Subjects (All):

Investments.

Securities.

Physical Description:

1 online resource (219 p.)

Edition:

1st edition

Place of Publication:

Hoboken, New Jersey : Wiley, 2012.

Language Note:

English

System Details:

text file

Summary:

A detailed and compelling look at distressed securities investing in today's market In the corporate world, "vulture" investors in distressed securities serve the same cleanup function as vultures do in the natural world: they deal with failing companies, digest bad debt, and mop up after bankruptcies. Since this market's structural and legal complexities create greater inefficiencies than in other investment fields, it's a style of investing that can make money during both booms and busts. While recent economic carnage has made opportunities for vulture investors, more convolu

Contents:

The Art of Vulture Investing; Contents; Foreword; Acknowledgments; Preface; CHAPTER 1 Emerging from the Egg; CHAPTER 2 Learning to Scavenge; CHAPTER 3 Looking for Prey; CHAPTER 4 Waiting On a Limb; CHAPTER 5 Swooping In: Tropicana; CHAPTER 6 Fighting Over the Carcass: Chrysler; CHAPTER 7 Digesting the Remains; CHAPTER 8 A Vulture's Philosophy; APPENDIX 1 Net Operating Loss Carry Forwards; APPENDIX 2 Copy of Continued Objection by Ad Hoc Committee of Washington Group Class 7 Claim Holders; PRELIMINARY STATEMENT; CONTINUED OPPOSITION TO RELIEF REQUESTED

A. The RCB Constitutes The "Highest And Best" Offer To Maximize Value Of The Remaining Warrants In The Class 7 Warrant PackageB. The Term Sheet Fails To Provide Class 7 Claimants With The Benefit Of Their Bargain Under The Plan; C. The Court Should Deny Any Break-Up Fee And Expense Reimbursement Requested By WGI; REVISED COUNTER-BID SUBMITTED BY THE AD HOC COMMITTEE; CONCLUSION; APPENDIX 3 Letter to Washington Group's Board of Directors; APPENDIX 4 Shareholder Complaint against Winn-Dixie Board et al.; INTRODUCTION; JURISDICTION AND VENUE; PARTIES

THE FIDUCIARY DUTIES OF THE INDIVIDUAL DEFENDANTSCLASS ACTION ALLEGATIONS; SUBSTANTIVE ALLEGATIONS; Background of the Company; The Proposed Transaction; The Fundamentally Unfair Process Does Not Maximize Shareholder Value; Change-of-Control Payments to Certain of the Company's Officers and Directors; The Proposed Transaction Is Inherently Flawed as a Result of Conflicts of Interest; The Board Agreed to Unreasonable Deal Protection Provisions in the Merger Agreement; FIRST CAUSE OF ACTION; Willful, Reckless and Wanton Breach of Fiduciary Duty (Against the Individual Defendants)

SECOND CAUSE OF ACTIONAiding and Abetting the Individual Defendants' Breach of Fiduciary Duty (Against the BI-LO Defendants); PRAYER FOR RELIEF; DEMAND FOR JURY TRIAL; APPENDIX 5 Objection by Schultze Asset Management to Owens Corning Disclosure Statement; PRELIMINARY STATEMENT; ARGUMENT; I. Disclosure Statement With Regard to a Plan That Is Patently Unconfirmable Cannot Be Approved; II. The Plan Is Patently Unconfirmable; III. The Disclosure Statement Does Not Contain Adequate Information, and Therefore Cannot Be Approved; RESERVATION OF RIGHTS; About the Authors; Index; Advert

Notes:

Includes index.

ISBN:

9781119200581

111920058X

9781283645737

1283645734

9781118220993

1118220994

OCLC:

817823372