It doesn't make a lot of sense to me that an industry player would make a bid, though it would be more legitimate for a financial company to make such a bid.

263

Bondholders need more details, but anything that would prevent a bankruptcy certainly would be a positive. It's hard to make this situation more complex than it is.

217

We changed up our defense a little bit for this game. We went to a 5-4-1. It helped our defense pick up some free balls.

206

It's difficult to measure this offer as little is known about how the bidder would finance the transaction. While our initial feeling is to ignore the offer, it is academically possible that the bidder could receive funding, making this offer real.

165

The company has to sell off assets in order to substantially reduce debt prior to emerging from bankruptcy.

139

They are moving back to their core business, which is power production, and they will try to sell all the support businesses.

112

It's hard to read the press release without drawing conclusions that the board is now willing to take more aggressive steps toward restructuring.

94