Publications
Publications
- November 2013
- HBS Case Collection
Arch Wireless, Inc. (B): Food for Vultures
By: Stuart C. Gilson
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.