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Cengage US negotiating ‘restructure’ with creditors, may file for Chapter 11 bankruptcy

Tuesday, 14 May 2013    Books+Publishing
@booksandpublishing

In the US, educational publisher Cengage Learning is in the process of negotiating a restructuring plan with its creditors and may file for Chapter 11 bankruptcy, reports Bloomberg. Cengage CEO Michael Hansen hired restructuring advisers in March and Hansen said that the company is now considering ‘a range of options...

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Category: International news