October 20, 2001

Excite@Home torn by AT&T, bondholders

Author: JT Smith

CNET News.com: "Excite@Home bondholders on Friday plan to formally oppose the sale of
the bankrupt company's broadband assets for $307 million to AT&T, a move aimed at giving
teeth to demands for a substantially higher price.

Bondholders have split from other creditors vying for the remains of the once-high-flying
company, pressing for more than four times the current bid, according to sources familiar with their
demands. The group is owed more than $750 million in long-term debt and stands to lose almost
all of it under AT&T's proposal."


  • Open Source
Click Here!