In mid-2007, Chairman and CEO of Eurotunnel Group, choosing to file for bankruptcy under the newly adopted French insolvency law, awaits the outcome of a vote by creditors and shareholders. At least 50% of shareholders must approve the plan, but they face significant dilution of their shares in Eurotunnel. If the vote does not pass, the likelihood that the company may have to be eliminated is becoming more likely. "Hide
by Stuart C. Gilson, Vincent Dessain, Sarah L. Abbott Source: Harvard Business School 5 pages. Publication Date: March 3, 2009. Prod. #: 209113-PDF-ENG
Related Case Solutions & Analyses:
Pacific Community Ventures & Galaxy Desserts: Community Development through Private Equity Investing
Prime Micro Inc.
The Auction for Travelport (B)
The Queen vs Dudley and Stephens (1884) (The Lifeboat Case)
oDesk: Changing How the World Works
Ratios Tell A Story 2007
Business Finance
Informal Networks: The Company behind the Chart
Gordon Biersch
Alan Kendricks at Cardiology Associates
