At least one bidder is challenging KKR’s efforts to take control of Gibson Brands Inc, Bloomberg is reporting. An unidentified buyer complained that KKR and allied noteholders wield too much influence over Gibson’s reorganization process, the story said. KKR has warned rivals that they off at least $375 million of Gibson’s debt first, Bloomberg said.
Source: https://www.pehub.com/2018/08/bidder-looks-to-challenge-kkrs-control-of-gibson-brands-bloomberg/
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