/// Centerbridge Won’t Proceed With Deal to Buy LightSquared

December 17, 2013  |  All Things Digital

LightSquared Inc. said Tuesday that Centerbridge Partners LP has backed out of a tentative deal to buy the company out of bankruptcy, although the wireless venture is pursuing a transaction under similar “architecture” with existing stakeholders. Centerbridge left the deal “for economic and noneconomic reasons,” a LightSquared lawyer said at a hearing Tuesday in Manhattan bankruptcy court. Centerbridge didn’t immediately respond to a request for comment. Read the rest of this post on the original site »

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Centerbridge Won’t Proceed With Deal to Buy LightSquared

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