There’s just no stopping it. The capital amassed by private takeover firms is simply overwhelming. Any reasonable person could conclude that public utilities face wholesale changes in terms of...
Why Aren't Distressed Assets Selling
places extreme pressure on owners and lenders, but even insufficient equity returns cause equity value deterioration, contributing to financial distress over the longer term. This, in turn, lowers asset values, setting the stage for their acquisition or refinance at lower effective capital cost recovery levels.
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