« SEC Obtains TRO, Charges Hong Kong Couple with Inside Trading in Dow Jones Stock | Main | Dow Jones Director Possible Source of Leak »
May 9, 2007
Outback Postpones LBO Vote, Cancels Bonds
Outback Steakhouse postponed for one week the shareholder vote on its LBO because it does not yet have the necessary shareholder approval for the deal. Shareholders expressed unhappiness with the $40 stock price. In an unusual move, the company also cancelled a $550 million bond financing sold two weeks ago to finance the LBO. See WSJ, Steak Sent Back:Buyout SnubCancels Bonds.
May 9, 2007 in News Stories | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d83505b71b53ef
Listed below are links to weblogs that reference Outback Postpones LBO Vote, Cancels Bonds:
