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| Ron Perelman |
There's an interesting wrinkle to the Andy Stern/SIGA Technologies
bankruptcy.
According to the Wall
Street Journal, SIGA filed for bankruptcy because it "doesn't have the
money to post the necessary bond for the full amount of the damages, plus
interest” …which total $232 million or more.
However, Stern’s billionaire patron -- Ron Perelman -- owns 24% of SIGA and could bail out the
company with a single swipe of his ATM card. After all, Perelman is one of the world's richest people and is worth
$14.4 billion!
So what's going on?
Tasty realizes that Andy is merely an errand boy for
Perelman. But hey, $232 million is just pocket change for cigar-chomping Perelman.
Here's what Bloomberg
reports about this made-for-TV drama about the latest chapter of their "bromance:"
The bankruptcy filing also signals that billionaire Ronald Perelman, whose MacAndrews Forbes owns about 24 percent of Siga, won’t bail the company out, Selvaraju said today. “He could have written a check for the bond himself,” the analyst said. Christine Taylor, Perelman’s spokeswoman, declined to comment on whether he considered covering Siga’s bond liability.
Hmmm. Doesn't look good for Andy...
So... has SEIU’s Andy Stern begun delivering dramatic, personal
pleas to
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| SEIU's Andy Stern |
Or is Andy hunkered down in his apartment nervously preparing a series of text messages to Ron design to carefully kiss his ass in preparation for the big ask: “Yo Ron, did I tell u that u r like totally the bomb!”
Has Andy begun performing unsolicited favors like,
uh, mowing Ron's lawn, washing his car, “liking” all of Ron’s Facebook posts even if they're totally stupid?
Or more likely... has Andy begun lobbying SEIU’s Mary Kay Henry to sign more back-room with Perelman and his vast array of companies?
