Platinum Equity, a buyout firm that specializes in turning around faltering high-tech companies, has said it plans to make an offer for Global Crossing. The telecommunications company, which filed for Chapter 11 protection from its creditors on January 28, supplies network services to the SWIFT financial messaging co-operative. The Gores Technology buyout group is also reported to be preparing a bid for Global Crossing.
Platinum Equity Joins Bidding for Global Crossing
Platinum Equity, a buyout firm that specializes in turning around faltering high tech companies, has said it plans to make an offer for Global Crossing. The telecommunications company, which filed for Chapter 11 protection from its creditors on January 28,