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>2x more cash But because the largest creditor has a claim that is so much larger, the minority creditors will actually get less cash with the vitamin company
by sarchertech 2y ago
>2x more cash
But because the largest creditor has a claim that is so much larger, the minority creditors will actually get less cash with the vitamin company offer.
The deal was structured so that the minority creditors would get more cash than from any other offer.
The only creditor that would get less cash from this offer is the sandy hook families and they are fine with that.
- Breza 2y agoA very important point. The Onion was going to give $100,000 more to the other creditors than any other bid. That sounds like the better deal. I can't imagine being owed money and having the judge tell me that I'm being forced to get less money in the interest of fairness.