Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Editorials & Other Articles

Wellstone ruled

(34,661 posts)

5. Caught the story on Macy's

Reply to Bradshaw3 (Reply #3)

Fri Mar 16, 2018, 06:02 PM

Mar 2018

published via Bloomberg a few weeks back. The Buyout Corporation that was formed to purchase Macy's did not put a dime into the deal. Federated got their money,and the whole deal was financed by junk bonds at a Stupid interest rate.

This whole deal was a shame,but easy money made it happen. Sure feel for all those employees who will be out of jobs next year.

Edit history

Please sign in to view edit histories.

7 replies

= new reply since forum marked as read

Highlight:

The Cause and Consequences of the Retail Apocalypse [View all] sinkingfeeling Mar 2018 OP

Notice... Agschmid Mar 2018 #1

Bloomberg has been reporting Wellstone ruled Mar 2018 #2

This: "only winner with Toys R Us was Bain Capital and their mining every dime out of this company" Bradshaw3 Mar 2018 #3

Caught the story on Macy's Wellstone ruled Mar 2018 #5

Maybe if enough buyers of the junk bonds get burned, this will stop. 3Hotdogs Mar 2018 #6

Under the new Tax Bill, Wellstone ruled Mar 2018 #7

Yup. Agschmid Mar 2018 #4