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The Chip Board Archive 19

PRIVATE EQUITY FIRMS sad

From the New York Times:

A disproportionate number of the companies that were acquired during that frenzy are now struggling with the enormous debts. More than half the roughly 220 companies that have defaulted on their debt in some form this year were either owned at one time or are still controlled by private equity firms, according to analysts at Standard & Poor’s. Among them are household names like Harrah’s Entertainment and Six Flags, the theme park operator.

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PRIVATE EQUITY FIRMS sad
Re: PRIVATE EQUITY FIRMS sad
OOPS! vbg

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