BEC
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0.00% 33.0¢ becton property group

Goldman Sachs bought $242m debt from BOSI for $100m. Becton has...

  1. asf
    9,887 Posts.
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    27/02/13
    09:12
    Post #: 11471406
    Goldman Sachs bought $242m debt from BOSI for $100m. Becton has about $300m assets on its books and $300m debt. Straight swap, I guess, with GS taking the assets and making a vast profit. Same happened with Redcape Property. The distressed debt people always win!
    BEC Price at posting: 33.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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