"Upcoming in Distressed
Cengage Learning Inc., the online education platform that terminated plans to merge with competitor McGraw Hill, reports earnings this week and plans a call Thursday morning. Retailer J. Jill, meanwhile, extended its existing forbearance agreements until the same day."
https://finance.yahoo.com/amphtml/news/blue-chips-raising-funds-amid-140000987.html
D–k Harrington CEO of Thomson took those APAX s—ers for everything. Brilliant!
The Thomson family, in selling to a private equity for well more than the company’s value, dug such a deep hole there has never been a time since that Cengage has not been a distressed company.
But Michael always talks about how well Cengage is doing in his weekly updates!! I mean yeah we’re millions in the hole but our ethos and culture are top notch. How can we possibly be distressed?