Walter Industries issuance of convertible bonds at a good price to the issuer. Given the relatively fragile state of Walter, it’s not immediately obvious why the market is so receptive.

Walter Industries issuance of convertible bonds at a good price to the issuer. Given the relatively fragile state of Walter, it’s not immediately obvious why the market is so receptive.
This is a Darden case study.
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from
Mark Eaker,
Jonathan M. Right
Source: Darden School of Business
28 pages.
Release Date: 09 December, 2004. Prod #: UV0471-PDF-ENG
Walter Industries HBR case solution

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