{"id":4964,"date":"2006-09-04T00:00:00","date_gmt":"2006-09-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-to-disrupt-gus-demerger-in-quest-for-better-bond-terms","status":"publish","type":"post","link":"https:\/\/staging.hedgeco.net\/news\/09\/2006\/hedge-funds-to-disrupt-gus-demerger-in-quest-for-better-bond-terms.html","title":{"rendered":"Hedge funds to disrupt GUS demerger in quest for better bond terms"},"content":{"rendered":"<p>  Forbes &#8211; <span class=\"mainarttxt\">Hedge funds and other investors in GUS PLC this week will try to derail its planned demerger of catalogue retailer Argos from credit checking group Experian,  according to a report.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">Holders of the company&#8217;s bonds plan to ignore a tender offer to buy in the debt by Tuesday&#8217;s deadline in the hope the company can be forced to improve its terms, the Sunday  Telegraph reported.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">GUS last month said shareholders had approved the split, which will replace the group with two publicly quoted companies &#8212; Experian and Argos Retail Group (ARG), which  will also include DIY chain Homebase.<\/span><\/p>\n<p>  <span class=\"mainarttxt\">The group&#8217;s 2 bln stg of debt will be divided between the two new companies, but the hedge funds claim the split constitutes a technical default, the newspaper said.<\/span><\/p>\n<p>  <a href=\"http:\/\/www.forbes.com\/feeds\/afx\/2006\/09\/03\/afx2990501.html\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Hedge funds and other investors in GUS PLC this week will try to derail its planned demerger of catalogue retailer Argos from credit checking group Experian, according to a report. Holders of the company&#8217;s bonds plan to ignore [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4964","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4964"}],"version-history":[{"count":0,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4964\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}