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Home Care Markets Business SX homes sale delay rejected

SX homes sale delay rejected

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Bondholders have rejected attempts by Anchorage Capital Group to delay the sale of 270 former Southern Cross care homes, according to Titan Europe 2007-1 (NHP) Ltd in its role as issuer of securities.Citing a statement from bondholders, 60% of those holding high-ranking notes did not support Anchorage’s offer to restructure £610m in debt as they…

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