GUS bondholders demand improved deal

UK retailer GUS's attempts to tender its £350 million 4.6% 2013 bond as it undergoes a de-merger of its Experian credit information division from retail unit Argos were rebuffed by bondholders last month. But with a group of hedge funds and other investors hinting they would be willing to meet the borrower, the question now is whether a resolution can be reached - and in whose favour it will be.

According to UK newspaper The Times, bondholders are interested in meeting GUS, saying a resolution

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