THQ's
recently announced one-two punch of declaring Chapter 11 bankruptcy while arranging a sale to a "stalking horse bidder" for a Section 363 sale has hit a snag, as
Gamasutra reports investors have
raised objections to the plan. The complaint focuses on how this seems to protect THQ management jobs, but not their investments. The investors aren't the only ones with raised eyebrows over this, as
Distressed Debt Investing notes the U.S. Trustee overseeing the THQ bankruptcy has also filed an objection to the proceedings, noting problems with the accelerated timing of asset sales and excessive fee/expense reimbursements.
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| 22. |
Re: THQ Investors Call Shenanigans |
Jan 4, 2013, 11:48 |
PsychoMoggieBagpuss |
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Not exactly surprising. As soon as you go the public company route then you are immediately at the mercy of the investors/shareholders who are in it for their dividends. Once it's stopped paying out then they will push for a breakup/sale to maximize their own profits. Employees are just another expense that the investors don't give a shit about. It's even worse for those companies that are listed as you're immediately at the mercy of the short sellers, no ones ever in it for the long term. |
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Date |
Subject |
Author |
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1. |
Jan 4, 10:27 |
Re: THQ Investors Call Shenanigans |
Cutter |
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2. |
Jan 4, 10:49 |
Re: THQ Investors Call Shenanigans |
dj LiTh |
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3. |
Jan 4, 10:52 |
Re: THQ Investors Call Shenanigans |
nin |
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4. |
Jan 4, 10:54 |
Re: THQ Investors Call Shenanigans |
Tipsy McStagger |
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5. |
Jan 4, 10:58 |
Re: THQ Investors Call Shenanigans |
InBlack |
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6. |
Jan 4, 11:00 |
Re: THQ Investors Call Shenanigans |
Wildone |
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8. |
Jan 4, 11:07 |
Re: THQ Investors Call Shenanigans |
Beamer |
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7. |
Jan 4, 11:06 |
Re: THQ Investors Call Shenanigans |
Beamer |
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13. |
Jan 4, 11:15 |
Re: THQ Investors Call Shenanigans |
MajorD |
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9. |
Jan 4, 11:07 |
Re: THQ Investors Call Shenanigans |
Verno |
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10. |
Jan 4, 11:12 |
Re: THQ Investors Call Shenanigans |
Beamer |
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11. |
Jan 4, 11:12 |
Re: THQ Investors Call Shenanigans |
ASeven |
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12. |
Jan 4, 11:15 |
Re: THQ Investors Call Shenanigans |
Beamer |
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21. |
Jan 4, 11:45 |
Re: THQ Investors Call Shenanigans |
Parallax Abstraction |
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23. |
Jan 4, 12:56 |
Re: THQ Investors Call Shenanigans |
Beamer |
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14. |
Jan 4, 11:21 |
Re: THQ Investors Call Shenanigans |
Cutter |
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15. |
Jan 4, 11:25 |
Re: THQ Investors Call Shenanigans |
Beamer |
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17. |
Jan 4, 11:31 |
Re: THQ Investors Call Shenanigans |
Warskull |
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18. |
Jan 4, 11:33 |
Re: THQ Investors Call Shenanigans |
Beamer |
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20. |
Jan 4, 11:45 |
Re: THQ Investors Call Shenanigans |
MajorD |
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16. |
Jan 4, 11:30 |
Re: THQ Investors Call Shenanigans |
Creston |
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19. |
Jan 4, 11:39 |
Re: THQ Investors Call Shenanigans |
Verno |
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22. |
Jan 4, 11:48 |
Re: THQ Investors Call Shenanigans |
PsychoMoggieBagpuss |
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24. |
Jan 4, 13:05 |
Re: THQ Investors Call Shenanigans |
Wallshadows |
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25. |
Jan 4, 13:11 |
Re: THQ Investors Call Shenanigans |
Beelzebud |
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26. |
Jan 4, 14:33 |
Re: THQ Investors Call Shenanigans |
LittleMe |
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27. |
Jan 4, 15:10 |
Re: THQ Investors Call Shenanigans |
WyldKat |
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28. |
Jan 4, 17:07 |
Re: THQ Investors Call Shenanigans |
Prez |
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29. |
Jan 4, 17:41 |
Re: THQ Investors Call Shenanigans |
zombiefan |
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30. |
Jan 4, 18:06 |
Re: THQ Investors Call Shenanigans |
nin |
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31. |
Jan 4, 18:49 |
Re: THQ Investors Call Shenanigans |
Rhino |
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32. |
Jan 4, 18:58 |
Re: More Big Picture Details |
HorrorScope |
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33. |
Jan 4, 20:24 |
Shenanigans |
SlimRam |
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34. |
Jan 4, 21:05 |
Re: Shenanigans |
Sepharo |
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35. |
Jan 4, 21:13 |
Re: Shenanigans |
WyldKat |
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36. |
Jan 4, 23:04 |
Re: Shenanigans |
Cutter |
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37. |
Jan 4, 23:07 |
Re: Shenanigans |
Prez |
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38. |
Jan 4, 23:14 |
Re: Shenanigans |
Sepharo |
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39. |
Jan 5, 00:16 |
Re: Shenanigans |
Lokust |
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40. |
Jan 5, 12:49 |
Re: Shenanigans |
Jackplug |
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