Not exact matches
Open interest was off 6.8 k contracts, reflecting a decent amount of long
liquidation (along with some
profit taking by shorts)
from yesterday's decline.
The good sales process was also a consequence of executives / insiders directly
profiting from a smooth
liquidation in the form of equity ownership and incentive fees.
Since value investors attempt to buy securities trading at a considerable discount
from the value of a business's underlying assets, a
liquidation is one way for investors to realize
profits.
Warren or other activists could thus acquire the business, pay off the creditors and
profit from the proceeds of the
liquidation.