ValueVision Restructures GE Preferred Stock
Posted on February 26, 2009 at 11:04 AM EST
As previously mentioned, the big cause of concern related to ValueVision (VVTV) was its upcoming redemption of GE Capital’s (GE) preferred stock which would have wiped out most, if not all, of VVTV’s cash and put it close to bankruptcy. Instead they have been able to restructure the preferred stock to ...