Tag Archives: matlinpatterson

Nokia Siemens Gets FTC Approval

By Mark Evans | Published: July 8, 2009
Nokia Siemens passed over a hurdle in its bid to buy Nortel’s CDMA wireless business and its LTE R&D unit after the Federal Trade Commission granted its approval as part of an approved list of mergers that involved assessing anti-trust considerations. If rival bids are going to emerge, they have to happen by July 21 [...]
Posted in General | Also tagged , , , | 17 Comments

The Fight for Nortel

By Mark Evans | Published: July 7, 2009
The restructuring of Nortel seemed so easy: Spend a few months trying to figure out if a New Nortel could happen before ultimately deciding to toss in all of its strategic chips by deciding to sell everything. But just when the destruction of Nortel was nearly a fait accompli, MatlinPatterson could throw a wrench in [...]
Posted in Financials, General | Also tagged | 64 Comments

Matlin Patterson Working on Buy-Out Proposal

By Mark Evans | Published: July 6, 2009
With Nortel on the cusp of completing the first phase of its asset (fire)sale (the $650-million sale of its CDMA wireless business and LTE R&D unit to Nokia Siemens), it looks like things are about to get a lot more interesting. MatlinPatterson, a private equity firm that acquires distressed companies, issued a statement today that [...]
Posted in General | Also tagged , , | 46 Comments

A Bid to Save Nortel?

By Mark Evans | Published: July 1, 2009
Is there hope for Nortel to continue as a standalone company without going through a firesale of all its best assets? The Ottawa Citizen reports that MatlinPatterson Global Advisors, a $9-billion private equity investor, may be interested in bidding for Nortel. MatlinPatterson’s biggest obstacle could be a lack of time it has to put together a [...]
Posted in Financials, M&A | Also tagged , , , , | 58 Comments
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