The Motley Fool Discussion Boards
Investing/Strategies / Bonds & Fixed Income Investments
|Subject: Re: Any updates on Edison Mission Energy bonds?||Date: 10/18/2013 4:47 PM|
|Author: joelcorley||Number: 35075 of 35930|
You wrote, Anyone else have these still?
I received a solicitation from an Emily S. Gottlieb on behalf of GCG, Inc. to purchase my shares. The offer was for like 45 cents on the dollar. Odd since the bonds are trading for north of 60 cents on E*Trade. I ignored it.
There is news today though. NRG has reached a deal to purchase EME: http://online.wsj.com/article/PR-CO-20131018-909481.html
I haven't had the time to tease out how this affects existing bond holders of if the information even exists in the announcement.
There has been a fair amount of action on the court docket recently as well: http://www.edisonmissionrestructuring.com/maincase.php
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|