RE: Cineworld looks to carve out original business - IFR News17 Oct 2022 10:35
Maybe I'm missing something here, but why would the lenders allow them to retain the profitable parts and then buy back the less profitable parts at firesale prices in a liquidation rather than just take the whole company through liquidation to claw back as much of their loans as they can?
Also, how would they separate shareholders into only the non profitable bits if the shares are currently owned in all of the company? Surely they'd need a shareholder vote or agreement of debtors who, again, would not let the most valuable bits exit the process designed to get them their money back?