The Sept. 11 tragedy has accelerated bankruptcy filings, said Corinne Ball, head of Jones Day Reavis & Pogue’s New York business restructuring and reorganization group, but these filings present opportunities for acquisitive companies to pick up assets on the cheap, she said. At a bankruptcy/restructuring briefing on Nov. 14, Ball said the wave of bankruptcy filings, particularly among telecommunications companies, spells opportunities for “those CEOs willing to seize the opportunity to scoop up these assets.” She said Sept. 11 has prompted many companies to examine more closely “what makes sense for their businesses.”
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