Twin Butte Debt Holders Vow Court Fight If Company Sale Proceeds

  • Terms would give share owners bigger piece of rescue package
  • Meeting to approve sale is scheduled for Aug. 10 in Calgary

A group of dissident bond investors fighting Twin Butte Energy Ltd.’s plan to sell itself vowed to oppose the deal in court if it’s approved in a stakeholder vote because the accord puts stock owners ahead of bondholders.

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