Savvis Readies For IPO Debt Paydown; Cantor May Present Problems


NEW YORK--Stock of Bridge’s subsidiary Savvis Communications may start trading today according to industry sources. However, the red herring, dated January 31, includes an omninous clause from the accountants questioning the ongoing viability of the company, and, for the first time, publicly acknowledges that Bridge could end up in court with Cantor Fitzgerald over contractual issue concerning terminal payments.

Savvis intends to issue 14.9 million primary shares with Bridge reducing its curr

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: