Corporations lose upper hand in debt offerings

08/8/2007 | Bloomberg

Corporations may struggle to finance $200 billion in announced takeovers and $500 billion in share buybacks as recent debt offerings by Tyco and Kimberly-Clark illustrate. "The pendulum is swinging back to the investors' side of the bargaining table," said Tom Murphy, investment-grade bond manager at RiverSource Investments.

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