What happened to trust preferred holders under the Plan of Reorganization?
The trust held unsecured Mirant notes, and the trust has agreed by contract that holders of those notes would receive in aggregate 10,258,500 shares of new Mirant common stock and rights to purchase 17,647,059 warrants for new Mirant common stock. The former trust preferred shares have been canceled.
Related Questions
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- What happened to trust preferred holders under the Plan of Reorganization?
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