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Arch Wireless, Inc. (B): Food for Vultures

By: Stuart C. Gilson
  • Format:Print
  • | Language:English
  • | Pages:4
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Abstract

In 2002, a hedge fund investor acquires the distressed bank debt of a bankrupt wireless paging company and converts his holding into common stock of the reorganized entity. Determining his likely return from this investment is challenging, given that the entire wireless paging industry is in precipitous decline, as paging technology is being rapidly replaced by newer technologies.

Keywords

Bankruptcy Reorganization; Distress Investing; Capital Structure; Restructuring; Investment Funds; Insolvency and Bankruptcy; Borrowing and Debt; Wireless Technology; Telecommunications Industry

Citation

Gilson, Stuart C. "Arch Wireless, Inc. (B): Food for Vultures." Harvard Business School Supplement 214-034, November 2013.

About The Author

Stuart C. Gilson

Finance
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