cobrajj
09-08-2013, 08:57 PM
FYI--Just happened Friday. http://www.msdignition.com/forum/showthread.php?p=81931#post81931
WIS89
09-08-2013, 09:19 PM
It just looks like a move to restructure.
Looks like they made a few bad acquisitions which gave them an unserviceable debt load. By going through the bankruptcy process, they can unload underperforming divisions of their company, while continuing to develop their products and keep most of their employees.
This isn't a bad move for the company when saddled with so much debt. Now they can restructure, emerge quickly from chapter 11 and get back to business.
I wouldn't be too alarmed yet...
My $.02, which is worth 1/1000th of that. Someone else may have more insight than I.
Regards,
Steve
DaleG
09-09-2013, 05:20 PM
At least no one is getting laid-off, yet, and no benefit cuts.