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Hoping to avoid a fire sale of his stocks later in the day, he began liquidating much of his position.
Still, the deal with Liberty does not guarantee that Prisa will maintain its diversified portfolio, even if the incoming investors want to avoid a fire sale.
If all this were not enough, Wall Street wants to delay the day of reckoning, asking for up to seven years to adapt and avoid a fire sale of assets.
WestLB won initial approval for a 5 billion euro "risk shield" financed by the German government, regional German governments and local savings banks, to avoid a fire sale of its mortgage-linked assets.
That provides some relief because Citigroup can avoid a fire sale of assets at distressed prices, but it is not a long-term solution for the bank or the industry.
"The idea is to avoid a fire sale of assets," said one banker involved in the initiative, who asked not to be identified because negotiations on its terms are continuing.
Similar(42)
"Whether those measures could have avoided a fire taking hold in the mine is uncertain.
Platt trots back to the halfway line with the nervous smile of a man who has avoided a firing squad.
In the premiere the cast members turn a dump truck into a swimming pool, go mudding in a pickup truck and get stuck, and set a car on fire near a clutch of trees but avoid a forest fire.
Disaster was averted when the executive officer ordered the flooding of both magazines to avoid a flash fire that would have destroyed the ship.
Let the hair dryer cool down for 3 minutes every 15 minutes of use to avoid a house fire.
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