Orpea shares continue to skid after restructuring deal announced


Shares in French nursing home operator Orpea ORP, -50.68% continued to skid on Monday, after last week reaching a deal in principle on restructuring. Orpea slumped 21%, after falling 26% on Friday and 93% over the last 52 weeks. The proposed terms as contemplated would leave current shareholders with as little as 0.4% of the company, while a group led by Caisse des Dépôts et Consignations would hold just over 50%, and unsecured financial creditors would hold 49%.

This article was originally published by Marketwatch.com. Read the original article here.

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