In June 2005, the specialty apparel retailer, Eddie Bauer, emerged from bankruptcy. Under the plan of reorganization former creditors converted their debt into common shares, taking 100% ownership in the business that was reconstituted. Big banks -- including Bank of America and J.P. Morgan Chase -- were among the former lenders.
eddie bauer case study solution
In October 2005, Eddie Bauer stock was selling for $24 per share. Goal prices were projecting ranging from $22 to $35 per share. Account managers at Bank of America and J.P. Morgan Chase needed to evaluate whether to hold or sell their shares in Eddie Bauer.
PUBLICATION DATE: August 24, 2009 PRODUCT #: 110008-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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