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Rural Broadband Provider RiverStreet Files for Bankruptcy, Agrees to Sell Assets to Oaktree

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Rural Broadband Provider RiverStreet Files for Bankruptcy, Agrees to Sell Assets to Oaktree

RiverStreet’s bankruptcy filing puts the future of its rural broadband operations in the hands of the courts.

Directly affected

  • No company is named in this report.

Indirectly affected

  • SPY SPDR S&P 500+1.6%

    The broad U.S. stock market

  • TLT iShares 20+ Year Treasury Bond-1.8%

    Long-term U.S. government bonds

  • QQQ Invesco QQQ+2.3%

    Large technology stocks

  • GLD SPDR Gold Shares-3.3%

    Gold can move with the broad market

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
SPY———————
TLT———————
QQQ———————
GLD———————

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Rural Broadband Provider RiverStreet Files for Bankruptcy, Agrees to Sell Assets to Oaktree Broadband Breakfast

Source: Broadband Breakfast

This story

12 out of 100

“Rural Broadband Provider RiverStreet Files for Bankruptcy, Agrees to Sell Assets to Oaktree” scores 12 out of 100. The score uses 1 sources.