restructuring plan

Saudi Aramco plans IPO

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.

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Puerto Rico's rescue plan draws flak

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.

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Bankruptcy court approves Groeb Farms restructuring plan

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.

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Monte Paschi expects approval of tougher restructuring plan on Sept 24

Monte Paschi announced that it would approve a stricter restructuring plan on September 24 to qualify for a state bailout.

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Eastman Kodak emerges from bankruptcy and starts afresh

Eastman Kodak was cleared by bankruptcy court to begin the company's restructuring.

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Altron offers buyout of Altech shareholders

Altron offers to purchase all the shares it does not already own in Allied Technologies.

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