Vishal Retail for slump sale of assets, liabilities to new cos Mar 13, 2010
Under the plan approved by the corporate debt restructuring (CDR) committee, Vishal Retail will carry out a slump sale of most of its assets and liabilities to two new companies funded by PE firm Texas Pacific Group ... For the restructuring to be executed, however, lenders outside the CDR process, as well as minority shareholders of Vishal Retail, will have to approve of the plan ... The CDR meeting also saw at least one lender ING Vaishya abstaining from voting, alleging... (India Times)
With social media, should DOD go to the people, or should the people go to DOD? Mar 12, 2010
In fact this is what was done CDR USSTRATCOM has the responsibility to assess risks associated with the use of Internet-based capabilities, identify operational vulnerabilities, and work with the ASD(NII)/DoD CIO to mitigate risks to the GIG. (Page 9, 6. b.). (FCW.com)
TPG likely to take over Vishal Retail Mar 1, 2010
The latest proposal being considered by the corporate debt restructuring (CDR) committee of Vishal does not involve a fresh infusion of funds into the struggling retailer, three people with direct knowledge of the developments told ET, requesting anonymity. A significant write-down of inventory by the company has added to the chaos of the CDR process, with at least one lender demanding an audit investigation into the companys books ... We are (involved) in the CDR mechanism, for which... (India Times)
TSX Venture Exchange Daily Bulletins for February 23, 2010 Feb 24, 2010
Further to the Company's news releases dated June 9, 2009 November 26, 2009, and December 21, 2009 and January 6 and February 22, 2010, regarding the proposed acquisition of CDR Minerals Inc. through a business combination (the 'Qualifying Transaction'), the Company has obtained an exemption from sponsorship requirements. This resumption does not constitute acceptance of the Qualifying Transaction and should not be construed as an assurance of the merits of the transaction or the likelihood of... (CCNMatthews Press Releases)
Amalfi Capital Corporation Announces the Completion and Update of CDR Minerals Inc. National Instrument 43-101 Reports Feb 23, 2010
CALGARY, ALBERTA--(Marketwire - Feb. 22, 2010) - Amalfi Capital Corporation (TSX VENTURE: - ; "Amalfi" or the "Corporation") is pleased to announce that CDR Minerals Inc. ("CDR") has received an updated technical report (the "Updated Sid Report") dated January 20, 2010 with respect to the Sid mining project (the "Sid Project") and an updated technical report (the "Updated Big Branch Report") dated January 21, 2010 with respect to the Big Branch mining project (the "Big Branch Project") ... CDR... (CCNMatthews Press Releases)
NASA's new TDRS spacecraft pass system level reviews Feb 23, 2010
-- NASA's Tracking and Data Relay Satellite (TDRS) K-L program completed its Critical Design Review (CDR) and Production Readiness Review (PRR) in El Segundo, Calif ... The CDR and PRR bridge the design and manufacturing stages of the TDRS program. (EurekAlert! -- Business News)
Mental lapses are early signs of Alzheimers, study finds Feb 3, 2010
1, plus or minus 8 years, were evaluated for the presence and severity of dementia using the Clinical Dementia Rating (CDR) and a neuropsychological test at the Washington University Alzheimers Disease Research Center. Furthermore, the research participants also filled out informant assessments of fluctuations with the Mayo Fluctuations Questionnaire and day level of alertness with the Mayo Sleep Questionnaire. (Washington University Student Life, MO)
No assets sale while cases on: Wockhardt Feb 2, 2010
The foreign lenders had also opposed a corporate debt restructuring (CDR) plan agreed between Wockhardt and its Indian lenders on the ground that it was skewed in favour of domestic institutions. The CDR, initiated by Wockhardt in July last year, seeks to reduce interest rates on its debt and extend the repayment period. (India Times)
IL&FS planning to convert Maytas Infra debt into equity Jan 25, 2010
As part of the corporate debt restructuring (CDR) rework, IL already written to IDBI, which heads the Maytas lenders' consortium, seeking conversion of one-third of Maytas' debt of over Rs 18,00 crore into equitythrough preferential allotment, sources said. The move will not just reduce the company's debt but also enhance networth that had eroded by over 50% in the aftermath of the Satyam scam, they added. (India Times, India -- Intl Business)
Wockhardt lenders offer to trade bonds for 26% stake Jan 13, 2010
But a final decision will be taken by bankers involved in the corporate debt restructuring (CDR) programme that Wockhardt was forced to opt for after it took a Rs 1,600-crore MTM forex loss last year ... As per the CDR package, FCCB owners were given two options to convert the bonds into shares: at a 65% discount or opt for a preferential allotment of shares, partly convertible after 5 years ... Incidentally, some FCCB holders have been opposing the CDR package which includes debt repayment... (India Times)
