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Directories business Yell also closed higher, rising 2.8p, or 6.1%, to 49.15p ahead of an extended deadline for lenders to support its refinancing plans.
However, last week minority shareholders Argyle Street Management and the Indonesian conglomerate Sinarmas Group said they were considering a bid for the whole group, but only if shareholders voted against the refinancing plans.
The refinancing plans are very preliminary, but they include a $400 million equity investment from Credit Suisse First Boston, which will replace Mr. Trump as the company's majority shareholder.
There is a reason Ping An Insurance and other listed Chinese enterprises are rushing to conduct their massive refinancing plans despite negative investment sentiment: Two major sources of locked shares are now looming on the A-shares market horizon.
State and local refinancing programs recently introduced Other state refinancing plans are in an even earlier stage.
Similar(54)
For the most part, banks prefer the refinancing plan.
The new refinancing plan is still only a modest fix.
There are many high-ranking proponents of the refinancing plan.
The refinancing plan would spread the debt over the next 30 years.
Exactly how a refinancing plan might work is still under discussion.
Those prices have declined, but not by very much, since the administration announced its refinancing plan.
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