Brazil's Oi proposes 25 percent limit to debt-for-equity swap

BRASILIA/RIO DE JANEIRO (Reuters) – Brazilian phone carrier Oi SA submitted a plan on Wednesday to restructure its 65.4 billion-real ($ 21 billion) debt burden with a proposal to limit the debt-for-equity swap demanded by creditors to 25 percent of capital. The plan was delivered to a Rio de Janeiro court and creditors of the […] Read more »

This Tech IPO Is the Latest to Limit Rights of Small Investors

Super voting rights are a concern. When data center operator Switch goes public on Friday it will be the latest tech firm using special shares to limit the rights of minority investors, making it ineligible for inclusion in the S&P 500 under new rules meant to deter such practices. The Las Vegas company, run by […] Read more »