Link Networks warns of shutdown; Allied Riser plans buyback
@Link Networks told businesses in the Midwest last week to expect an imminent shut off of its high-speed Internet access. @Link Networks recently filed for Chapter 11 bankruptcy protection and has begun to liquidate its assets; creditors now control the company.
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Allied Riser Communications last week offered to buy back $150 million of outstanding 7.5% convertible notes issued last June. A company spokesman said the buyback is part of an effort to position the company to raise further funding.
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