Rochelle on Dynegy, Houghton Mifflin, Two Buyout Targets: Audio
Dynegy Inc. (DYN) will present the bankruptcy judge with a problem when the power producer requests approval of a settlement when many facts underlying the compromise remain a secret, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle explain in their podcast. The newly-filed prepackaged reorganization of educational publisher Houghton Mifflin Harcourt Publishing Co. could be completed in one month in New York, eclipsing the five weeks that Reddy Ice Holdings Inc. needed for its quickie reorganization in Dallas. In the last item on the podcast, Rochelle touts a small hospital in Houston and an athletic shoe maker as acquisition targets for strategic buyers.
Running time 11:42