OnMonday, Wall Street was rife with rumours that the Nasdaq-listed owner has acceleratedthe pace of a campaign to shore up its balance sheet after assembling a team ofattorneys who specialise in financial restructurings.
When contactedby TradeWinds about conflicting reports that Skadden, Arps, Slate, Meagher & Flom and Milbank, Tweed, Hadley & McCloy were hired to serve as legal advisors aspokesman for Eagle Bulk declined to comment.
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