Tuesday, July 24, 2007

Cerberus gets EC clearance for Focus DIY deal

(Reuters) - Focus, which stocks bathroom and kitchen appliances, garden
furniture and power tools, had mandated Rothschild to sell the
company earlier this year after failing to reach a debt
restructuring agreement with its debtors.




The company struggled to pay the interest on its debt amid
strong competition, rising interest rates and a slowdown in the
DIY market.


Read more at Reuters.com Bonds News

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