Bridge Says Performance Improving 'In Every Sense'
SPECIAL REPORT
LONDON: A London-based news service recently ran an article on the drop in market value of Bridge Information Systems' senior debt. An unidentified lender indicated, "The company could certainly be heading towards Chapter 11." (Under US law, a Chapter 11 filing is for court protection so that the subject company can reorganize. It is not a "going out of business" proposition.)
A Bridge spokesperson vigorously denies the dark side of the article, claiming it's one thing to fall short of some debt
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