Litespeed Management - Financial Diligence Networks

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Firm: Litespeed Management
Litespeed Management
Asset Manager
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Assets Under Management: Hidden
Bradken share price dive reopens door to predators
"I'm making sure the restructure of the US business is being done quickly and smoothly." New York
activist hedge fund Litespeed Management is also likely to play a key role in the future of Bradken. It
has amassed a stake of 12.94 per cent in the company ...
Sydney Morning Herald
December 2, 2015
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RadioShack’s Restructured Financial Deal To Provide Much Needed Cash For Its
Operations
RadioShack’s (NYSE:RSH) stock price declined by approximately 12% after the ... a controlling
stake of the company to two hedge funds – Standard General and LiteSpeed Management.
Standard General and certain other investors have replaced GE Capital ...
Trefis
October 7, 2014
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RadioShack Corporation (RSH): Jamie Zimmerman’s Litespeed Management
Goes Activist With 8.8% Stake
Jamie Zimmerman’s Litespeed Management has gone activist on RadioShack Corporation
(NYSE:RSH). According to a Schedule 13D form filed today with the SEC, the fund owns 8.87 million
shares of Common Stock, same as it did by the end of the second quarter ...
INSIDER MONKEY
October 8, 2014
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RadioShack's Restructured Financial Deal To Provide Much Needed Cash For Its
Operations
Restructuring a portion of RadioShack's debt, the agreement provides the company with $120 million
in additional capital as the investors, led by Standard General and LiteSpeed Management, take
over a revolving line of credit. Radioshack believes the deal ...
NASDAQ
October 10, 2014
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RadioShack's Restructured Financial Deal To Provide Much Needed Cash For Its
Operations
Restructuring a portion of RadioShack’s debt, the agreement provides the company with $120 million
in additional capital as the investors, led by Standard General and LiteSpeed Management, take
over a revolving line of credit. Radioshack believes the ...
Forbes
October 8, 2014
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Litespeed Management buys 8% share in RadioShack
New York – Hedge fund Litespeed Management has purchased about 8.1 million shares, or an 8.1%
stake, in RadioShack. Litespeed, founded by Jamie Zimmerman in 2000, specializes in investing in
troubled companies that have viable businesses. Litespeed ...
Chain Store Age
January 23, 2014
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Radioshack : Announces Milestone In Recapitalization Process
Standard General LP and certain other investors have replaced GE Capital as lead lender under
RadioShack's senior secured asset based credit facility ("ABL Facility") which will allow immediate
access to additional liquidity. Other investors, including ...
4 Traders
October 16, 2014
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Hedge Fund Litespeed Management Buys Close to 10% of Dynergy Inc.
The big news is that a big hedge fund scooped up a massive stake in the company. Litespeed
Management LLC bought 11.8 million common shares, representing 9.6% of total outstanding
shares. This gives the hedge fund one the largest stakes in the bankruptcy ...
Value Walk
March 24, 2012
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RadioShack Surges 18% After Report Backs Litespeed’s Investment
RadioShack Corp. (RSH), the electronics chain that’s posted seven straight quarterly losses, jumped
the most in almost a year after a report backed Litespeed Management LLC’s investment in the
company. RadioShack rose 18 percent to $2.54 at the close ...
Bloomberg
January 23, 2014
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Radio Shack Gets Another Lifeline
According to the gadget shop, it has made an agreement with lenders led by Standard General and
Litespeed Management, who will help the company restructure their existing debt. The deal is made
to help RadioShack to finance their operation this coming ...
Franchise Herald
October 5, 2014
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RadioShack inks debt restructuring deals
RadioShack says that Standard General, Litespeed Management and other investors are providing
$120 million in an investment that the chain expects will be converted into equity securities.
RadioShack warned last month that it may need to file for Chapter ...
KSL
October 3, 2014
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RadioShack to get liquidity boost via replaced facility
Standard General, Litespeed Management LLC and other investors are also providing $120 million to
be used to cash collateralize letters of credit for the company, RadioShack said in a statement. The
company said it would seek to convert the $120 million ...
Today
October 3, 2014
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RadioShack Corporation Won't Go Out of Business Just Yet
Just as noteworthy is the $120 million the hedge fund and fellow investor Litespeed Management are
extending to the retailer to cash collateralize letters of credit that it anticipates will be converted into
equity in the coming months so long as a ...
Daily Finance
October 8, 2014
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RadioShack stock falls following refinancing deal
The agreement restructures a portion of RadioShack’s debt and provides the ailing retailer with $120
million in additional capital as the investors, led by Standard General and LiteSpeed Management,
take over a revolving line of credit. The deal should ...
Star Telegram
October 5, 2014
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RadioShack gets a lifeline
Radio Shack has taken a step back from the brink. The electronics store said Friday it has reached
an agreement with a group of lenders led by New York hedge fund Standard General and Litespeed
Management, who will provide the company with immediate access ...
wcti12.com
October 2, 2014
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Kerrisdale's Adrangi sends Globalstar reeling with new short bet
On Monday, the decline accelerated, with the stock ending at $2.26 a share. The stock is widely
owned by hedge funds, including York Capital Management, Litespeed Management, D.E. Shaw &
Co, Soros Fund Management and Millennium Management, according to ...
NBC News
October 7, 2014
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RadioShack creditors want to quiz executives, directors
Those moves “benefited” Standard General, LiteSpeed Management and other firms, the lawyers
said. Fort Worth-based RadioShack listed assets of $1.2 billion and debt of $1.38 billion when it filed
for bankruptcy in Wilmington, Del., on Feb. 5.
Star Telegram
February 17, 2015
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RadioShack gets a lifeline
Radio Shack has taken a step back from the brink. The electronics store said Friday it has reached
an agreement with a group of lenders led by New York hedge fund Standard General and Litespeed
Management, who will provide the company with immediate access ...
CNN Money
October 3, 2014
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RadioShack's lenders think the company's bankruptcy was a 'suicide' assisted
by hedge funds
They want access to nonpublic information they say could confirm that RadioShack's bankruptcy was
an "assisted suicide" led by its largest shareholders, the Standard General hedge fund and
LiteSpeed Management. "The problem is, there’s no suicide note ...
The Business Insider
February 18, 2015
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Creditors say RadioShack's bankruptcy doesn't add up
But two of its big lenders, hedge funds Standard General and LiteSpeed Management, stopped the
company from liquidating its stores early on. Instead, those lenders threw RadioShack a lifeline,
buying some of its debt in order to keep the chain hobbling along.
CBS News
February 19, 2015
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RadioShack Creditors Seek Probe Of Ch. 11 Timing
The unsecured creditors say that a sale of credit agreement loans to major shareholder Standard
General LP and to LiteSpeed Management in October was a breach of fiduciary duties that put those
firms' interests ahead of Radio Shack's own. “Management ...
Law 360
February 18, 2015
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Creditors say RadioShack timed Ch. 11 for hedge fund trade: filing
They want access to nonpublic information they say could confirm that RadioShack's bankruptcy was
an "assisted suicide" led by its largest shareholders, the Standard General hedge fund and
LiteSpeed Management. "The problem is, there’s no suicide note ...
Reuters
February 18, 2015
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RadioShack Claims To Have Dozens Of Bidders For Stores
The creditors want access to nonpublic information they say could confirm that RadioShack’s
bankruptcy was an “assisted suicide” led by its largest shareholders, the Standard General hedge
fund and LiteSpeed Management. In their filing, the creditors ...
Value Walk
February 19, 2015
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RadioShack Creditors Seek Permission to Question Officers
Those moves “benefited” Standard General LP, LiteSpeed Management LLC and other firms, the
lawyers said. Fort Worth, Texas-based RadioShack filed for bankruptcy this month with a plan to sell
1,500 to 2,400 stores to Standard General, which has a deal ...
Bloomberg
February 16, 2015
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EUR/GBP Technical Analysis: Waiting to Confirm Rebound
They want access to nonpublic information they say could confirm that RadioShack's bankruptcy was
an "assisted suicide" led by its largest shareholders, the Standard General hedge fund and
LiteSpeed Management. "The problem is, there’s no suicide note ...
AD HOC News
February 19, 2015
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RadioShack May Close, Sprint to Get Half of Chain: Report
given by investors including Standard General and Litespeed Management LLC, into equity "in the
coming months". RadioShack shares were down 15.2 percent at $0.24.
Fox Business
February 2, 2015
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RadioShack may close, Sprint to get half of chain: BBG
given by investors including Standard General and Litespeed Management LLC, into equity "in the
coming months". RadioShack shares, which had touched a high of $79.50 in 1999 during the
dotcom boom, closed down 13.3 percent at $0.24 on Monday.
Yahoo Finance
February 2, 2015
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Company Overview of Litespeed Management, LLC
Litespeed Management, LLC is an employee owned hedge fund sponsor. The firm provides its
services to pooled investment vehicles. It invests in the public equity and fixed income markets of the
United States. The firm primarily invests in the equity and ...
Bloomberg
March 18, 2015
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Can RadioShack Close 1,000 Stores?
Other investors, including RadioShack shareholders Standard General and Litespeed Management
LLC, are providing $120 million to be used to cash collateralize letters of credit for the Company. In
the coming months, this $120 million is expected to be ...
24/7 Wall ST
October 4, 2014
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RadioShack Initiates Recapitalization Process With $120 Million Investment
The press release also revealed that RadioShack will receive an instant $120 million investment from
significant shareholders, like Standard General and Litespeed Management LLC. This is of great
benefit to the company as it can collateralize its line of ...
bidnessetc.com
October 4, 2014
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Acclaimed Hedge Fund Manager Takes Big Stake in RadioShack Corporation
Stock
It seems the stock market and media may have been snoozing last Friday when Jamie Zimmerman's
Litespeed Management LLC disclosed an 8.1% stake in RadioShack Corp. (NYSE: RSHCQ ) .
Shares were up slightly on Tuesday morning, but with no sign of Wall Street ...
The Motley Fool
January 21, 2014
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RadioShack may close; Amazon, Sprint consider buying stores
losing out to rivals such Amazon.com Inc and Wal-Mart Stores Inc. RadioShack said in October that it
would seek to convert a loan of $120 million, given by investors including Standard General and
Litespeed Management LLC, into equity "in the coming months."
Philadelphia Daily News
February 2, 2015
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Amazon.com, Sprint consider buying some RadioShack stores: BBG
RadioShack said in October that it would seek to convert a loan of $120 million, given by investors
including Standard General and Litespeed Management, into equity "in the coming months."
RadioShack shares, which had touched a high of $79.50 in 1999 ...
CNBC
February 3, 2015
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Lifeline or Not, RadioShack Is Still Sinking
RadioShack's cash infusion is coming courtesy of several investors, led by hedge funds Standard
General and Litespeed Management. In taking over RadioShack's asset based credit line, they have
agreed to loosen some restrictions so that RadioShack will be ...
The Motley Fool
October 7, 2014
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RadioShack may close, Sprint to get portion of stores
RadioShack said in October that it would seek to convert a loan of $120 million, given by investors
including Standard General and Litespeed Management LLC, into equity “in the coming months.”
ABC Kcrg 9
February 3, 2015
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Altegrity Files for Chapter 11 Bankruptcy
Altegrity Inc. filed for Chapter 11 bankruptcy protection Sunday, in a bid to implement a restructuring
agreed with its leading creditors. Altegrity President Jeffrey Campbell said the debt-trimming plan
has “support from the overwhelming majority of our ...
Wall Street Journal
February 9, 2015
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RadioShack may close, Sprint to get half of chain
given by investors including Standard General and Litespeed Management LLC, into equity "in the
coming months". RadioShack shares were down 15.2 percent at $0.24.
St. Louis Post-Dispatch
February 2, 2015
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RadioShack Agrees to Financing Plan With Hedge Funds
Hedge fund Litespeed Management LLC ... among creditors such as Salus had threatened to
complicate Standard General’s refinancing plans, according to people familiar with the matter.
RadioShack ultimately needs to refinance the entire $835 million ...
Wall Street Journal
October 3, 2014
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Firm that vetted Snowden files for Chapter 11 bankruptcy
Feb 8 (Reuters) - Altegrity Inc, owner of the company that carried out background checks on former
NSA contractor Edward Snowden and Navy Yard shooter Aaron Alexis, filed for Chapter 11
bankruptcy ... LLC and Mudrick Capital Management LP, have committed ...
Reuters
February 9, 2015
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RadioShack Prepares To Shut Down In Deal With Sprint: Report
losing out to rivals such Amazon.com Inc and Wal-Mart Stores Inc. RadioShack said in October that it
would seek to convert a loan of $120 million, given by investors including Standard General and
Litespeed Management LLC, into equity "in the coming months".
The Huffington Post
February 2, 2015
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PE firm to lose $800M it sank into Snowden vetter Altegrity
Altegrity faced $70 million in debt payments in January that it was having trouble making. New
owners Third Avenue Management, Litespeed Management and Mudrick Capital Management have
committed “substantial new capital” to fund the company’s ...
New York Post
February 3, 2015
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Bradken chief Brian Hodges hands in his notice
New York hedge fund Litespeed Management has bought into Bradken since the latest PEP move
was knocked back, boosting its stake to 6.5 per cent this week, including through personal purchases
by the fund’s manager, Jamie Zimmerman. Ms Zimmerman ...
The Australian
June 19, 2015
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Radio Shack announces $120-million company shareholder sale
Radio Shack, which currently bears $658 million in debt, will receive the $120 million from Standard
General LP and Litespeed Management LLC with the intention of future convergence into equity, the
Dallas News also reports. "Bankruptcy isn't inevitable ...
Franchise Herald
October 3, 2014
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Amazon, Sprint may buy some Radioshack stores: Bloomberg
given by investors including Standard General and Litespeed Management LLC, into equity "in the
coming months". RadioShack shares, which had touched a high of $79.50 in 1999 during the
dotcom boom, closed down 13.3 percent at $0.24 on Monday. (Reporting by ...
Yahoo Finance
February 3, 2015
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Arriba...more Bradken shares for Litespeed
The courage award to date, however, must go to New York-based hedge fund Litespeed
Management who has backed up again with more buying in Bradken to lift its stake to 8.66 per cent.
At least the latest buying in mid-to-late July has been done at a price ...
Australian Financial Review
July 30, 2015
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Amazon.com, Sprint consider buying some RadioShack stores: BBG
Amazon.com and Sprint are considering acquiring some RadioShack stores after the troubled
electronics retailer ... given by investors including Standard General and Litespeed Management,
into equity "in the coming months." RadioShack shares, which had ...
CNBC
February 3, 2015
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RadioShack may close, Sprint to get half of chain: BBG
losing out to rivals such Amazon.com Inc and Wal-Mart Stores Inc. RadioShack said in October that it
would seek to convert a loan of $120 million, given by investors including Standard General and
Litespeed Management LLC, into equity "in the coming months".
Yahoo Finance
February 2, 2015
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Litespeed Management adds to its stake in MedAssets
Litespeed Management, L.L.C. was founded by Jamie Zimmerman in October 2000 and is an eventdriven hedge fund focusing on special situations, distressed securities, and bankruptcies by
providing its services to pooled investment vehicles. It had more than ...
Guru Focus
July 7, 2015
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DGAP-Public Voting Rights: RHÖN-KLINIKUM AG (english)
26 para. 1 of the German Securities Trading Act (Wertpapierhandelsgesetz - WpHG) Jamie
Zimmermann, USA, Litespeed Offshore Fund Ltd., George Town, Grand Cayman, Cayman Islands,
Litespeed Management L.L.C., Wilmington, Delaware, USA and Litespeed Master ...
New Ratings
October 22, 2015
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New York hedge fund Litespeed Management sees something positive in
Bradken
Bradken managing director Brian Hodges is not sure what New York hedge fund Litespeed
Management's overall strategy is after it lifted its stake in the ailing mining services firm to almost 10
per cent, but he wants to reinforce to it the turnaround ...
Sydney Morning Herald
August 17, 2015
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DGAP-Public Voting Rights: RHÖN-KLINIKUM AG (english)
Jamie Zimmermann, USA, Litespeed Offshore Fund Ltd., George Town, Grand Cayman, Cayman
Islands, Litespeed Management L.L.C., Wilmington, Delaware, USA and Litespeed Master Fund,
Ltd., George Town, Grand Cayman, Cayman Islands notified us on 21 October 2015 ...
Aktien Check
October 22, 2015
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New York hedge fund Litespeed lifts stake in Bradken yet again
The New York-based hedge fund Litespeed Management has lifted its stake in struggling mining
services and heavy equipment maker Bradken to 11.91 per cent. Litespeed's appetite for shares in
Bradken hasn't been blunted by the failure of merger talks between ...
Brisbane Times
October 4, 2015
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Litespeed Management Files 13D on RadioShack (RSH)
"Except as set forth in this Item 4, the Reporting Persons currently have no plans or proposals that
would relate to or would result in: (a) any extraordinary corporate transaction involving the Issuer; (b)
a sale or transfer of a material amount of assets ...
StreetInsider
October 8, 2014
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Altegrity Files Bankruptcy After ‘State-Sponsored’ Breach
Altegrity plans to give second-tier lenders stock in the refinanced company. Among them, funds
managed by Third Avenue, Litespeed Management LLC and Mudrick Capital Management LP would
become the new majority owners in exchange for supporting the business ...
Bloomberg
February 7, 2015
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Atlas Iron seeks covenant relief ahead of half-year test
The other intriguing element in the Bradken kerfuffle is that New York hedge fund Litespeed
Management is now sitting at 12.94 per cent of Bradken after steadily creeping up the register in bitesized pieces. CHAMP and Chile's Sigdo Koppers were sent ...
Australian Financial Review
December 1, 2015
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Should You Buy Theravance Inc (THRX)?
Remaining peers that hold long positions consist of Michael A. Price and Amos Meron’s Empyrean
Capital Partners, Jamie Zimmerman’s Litespeed Management and Richard Perry’s Perry Capital.
$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right ...
INSIDER MONKEY
November 27, 2015
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