Wednesday, July 25, 2007

UPDATE 1-Credit Suisse takes stake in U.S. liquidator

(Reuters) - Great American of Woodland Hills, California, is getting
money from the Swiss bank to expand its liquidation business.
Terms of the deal were not disclosed.




"By partnering with a leading issuer of
non-investment-grade debt and a leading player in the
distressed debt market, we anticipate new opportunities to meet
the extensive appraisal needs of high-yield and leveraged loan
issuers, and the downsizing and liquidation needs of distressed
companies," Great American Chief Executive Andrew Gumaer said.


Read more at Reuters.com Bonds News

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