$1.4B Merger Saved By Highmark, West Penn Bondholders Deal
Highmark will pay $635 million to the bondholders, who have debt worth $726 million at face value. The agreement shaves about $90 million off the purchase price and also resolves a dispute over pension liabilities for some 12,000 West Penn workers.
And it may salvage...
To view the full article, register now.