Distressed to the Nine?

The group of hedge funds seeking control of Nine Entertainment have little to lose in their opportunistic play, but CVC Asia Pacific has no reason to engage just yet.

One of the more peculiar episodes of corporate manoeuvring that will continue into 2012 is the very public attempt by a group of hedge funds to pressure private equity group CVC Asia Pacific into a conversation that it neither wants nor appears to need to have.

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