From: [t--g] at [netcom.com] (Tom Galloway)
Subject: Marvel bondholders win court case
Date: 25 Feb 1997 21:04:07 -0700
Newsgroups: rec.arts.comics.info,rec.arts.comics.misc

Per a story off the Reuter newswire fished off Yahoo's stock quotes page,
the automatic stay which prevented Marvel bondholders (read: Carl Ichan)
from attempting to foreclose on the Marvel common stock which was used
as collateral for their bonds has been lifted. The bondholders have not
yet moved to foreclose, but will consider whether to do so. It's stated
that the bondholders plan to try to convince the Marvel board (read: Ron 
Perelman) not to go through with the plan that would dilute the bondholders
collateral stock from 78.8% down to 17.2% of the company.

tyg   [t--g] at [netcom.com]