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Half of Midway’s Shareholders Agree to Repayment Extension

Wednesday, January 7, 2009

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Half of Midway’s Shareholders Agree to Repayment Extension

When Mark Thomas bought Midway for $100,000, it seemed like a good deal -- even if he did get their $70 million in debt in his welcome basket. Soon after, though, we learned that the sale triggered provisions in Midway's bonds, which allowed shareholders to ask for their full $150 million back. A few other [...]

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