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Reuters ahead on critical Huntsman court decision; shares slide10.31.2008
Chemical company Huntsman`s shares fell 26 percent on Oct 31 after Reuters was first with news that a judge ruled against private equity firm Apollo’s attempt to extend financing terms for the deal. Bloomberg was at the hearing and sent headlines 5 minutes later. Dow Jones missed the hearing and sent a story about an hour after Reuters. The court room was packed with arbitrage traders, an indication of the appetite for the headlines. |
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