"They know the equity holders don't like their deal," he said.

"It's hard to figure how this will enhance the value of the equity holders," he said.

Today, they are equity holders in a public company.

It was bank bond and equity holders that should have been punished, not the general public.

But by then many hotel properties are likely to be in other hands, as creditors become equity holders.

The normal definition of affiliate is an officer, director or 10 percent equity holder.

"The downside offers too much risk to existing equity holders," he said.

If you take the wrong path, it might be disastrous for both bond and equity holders.

As a result, these equity holders, which include Western investment funds, lost more than two-thirds of the subsidiary.

The firm paid $6.5 million to settle with Parmalat's equity holders.

The equity holder receives any distribution or assets of property, should the club sell its land.

"When you're a minority equity holder, you have far less ability to meddle," he said.

Again, equity holders could persuade creditors that they have a legitimate claim to the company.

The financial adviser to the company's equity holders committee said he would file a suit against the reorganization plan.

She estimates that the amount the bondholders are being asked to give up will contribute about $2 a share to the equity holders.

But the Robins plan would keep equity holders intact.

If the plant gets an operating license but is not running properly, the equity holders would get a smaller sum.

"What's your view on Dodson as an equity holder?"

In other words, equity holders are entitled to the "upside" of the business and to control the business.

'We are excited to have the Wood Group as a large equity holder,' he said.

The acquiror thereby "buys out" the present equity holders of the target company.

But the new bids appear to divide the creditors and the equity holders of the bankrupt company.

"The debtors are trying to take a piece out of the hide of the equity holders," he said.

At the same time, the public shareholders would be at the whim of the private equity holders with little or no say in the business.

The committee representing equity holders already backs Northeast.