Bain-Related Bankruptcy At Awkward Time For Romney

Wall Street Journal:

Contec Holdings Ltd., a cable-box repair company owned by Bain Capital, is preparing to file for bankruptcy protection as soon as this week, said people familiar with the matter.

Contec is expected to file a so-called prepackaged bankruptcy, in which creditors bless a restructuring plan ahead of time and thereby limit the company's stay in court proceedings, the people said.

Read the whole story at Wall Street Journal

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Source: http://www.huffingtonpost.com/2012/08/27/bain-related-bankruptcy-a_n_1833188.html

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