Quote:
Originally Posted by carterista
Z capital Management LLC is a private equity firm specializing in growth capital, buyout, distressed, turnaround, special situations, balance sheet and/or operational improvements, repairing the capital structures, and leveraged finance investments. The firm makes investments in middle market companies via complex transactions through restructuring and/or bankruptcy processes, opportunistic acquisitions and special situations.
You just got bought out by a vulture fund. They'll strip whatever assets DRF has, sell off the most profitable divisions, load it up with debt and loot all they can and then file for bankruptcy.
Of course, they'll fire people left and right and jack up prices.
So long print editions
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My last company, where I worked before retiring, was bought out by the same firm-Z-Capital Mgmt. Nothing happened during the first year, other than lots of walk-throughs by their staff and outside consultants. At first they released the prior consultants who had set up shop for the previous 2 years. In the last year and a half, the President and VP were "retired" and several other staff changes. Both were way overdue.
