Saudi Aramco may tap capital market very shortly. The Kingdom of Saudi Arabia (KSA) is considering a major restructuring plan for the world's biggest oil producing company in the wake of lower oil prices. The Saudi government may also sell some of the stake in Aramco.
restructuring plan
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The five-year restructuring plan proposed for ailing Caribbean island Puerto Rico has become a center of criticism from economists, who question that who shall benefit from this debt deal. Economists argue that the debt plan overstated the financial requirements of the island.
A US Bankruptcy Court allowed honey supplier Groeb Farms Inc to proceed with its restructuring plan, allowing the Michigan company to come out of Chapter 11 protection.
Monte Paschi announced that it would approve a stricter restructuring plan on September 24 to qualify for a state bailout.
Eastman Kodak was cleared by bankruptcy court to begin the company's restructuring.
Altron offers to purchase all the shares it does not already own in Allied Technologies.
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