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geraldsch... geraldsch...
 
M$1 March 03, 2009 10:15 PM

Is Blockbuster going to file for bankruptcy?

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vandal913 vandal913
 
 March 03, 2009 10:21 PM
Not quite yet; it looks like they have hired legal counsel to explore the possibilities of not only bankruptcy filing but also refinancing and capital raising initiatives.

From a Blockbuster spokeswoman: "We do not intend to file for bankruptcy."

Sounds like they are just exploring their options at this point, but being realistic about the fact that bankruptcy may be something they have to accept in the near future.

http://www.bloomberg.com/apps/news?pid=20601081&sid=ahGJXE0HCh9o&refer=australia


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March 03, 2009 10:19 PM
Blockbuster Says It Has No Plans To File For Bankruptcy
Source(s):
http://blogs.barrons.com/techtraderdaily/2009/03/03/blockbuster-says-it-has...


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viridicus viridicus
 
March 03, 2009 10:19 PM
At the moment, Blockbuster has hired legal counsel to raise funds. Spokespersons state that the company does not intend to file bankruptcy.

To me, "intend" is kind of a sticky word. I didn't "intend" to stub my toe this morning, but it happened nonetheless.
Source(s):
http://money.cnn.com/2009/03/03/news/companies/blockbuster_bankruptcy/?post...


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