Mirant bankruptcy is not terminal
US energy firm Mirant’s July bankruptcy filing bucks the recent trend of last-minute restructuring deals that have saved many of its rivals from a similar fate. But analysts say the company is likely to emerge from its filing with at least some of its assets intact.
Analysts say any court proceedings are highly unlikely to liquidate the company’sassets, as those assets – its power plants – only produce value whenthey are operational.
Analysts had been tipping Mirant for
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