Published On: March 15th, 2024Categories: Trade Ideas
According to a recent Bloomberg article, it seems that Bayer is contemplating using the Texas Two-Step bankruptcy strategy to manage the extensive US litigation alleging that its Roundup weed-killer causes cancer. In this flash report, we explain how this legal strategy works and why it could present upside for bondholders if the company manages to implement it successfully, even if we think should be a low probability event.
Don’t miss our latest publication! Discover us on www.bridport.ch
