Activist investors attempt to derail Ferrexpo exchange

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Activist investors attempt to derail Ferrexpo exchange

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Ferrexpo, a Ukrainian iron ore pellet exporter, is struggling to secure bond holder approval to exchange its $500m notes due 2016 and has extended the early bird deadline to February 17. A group of activist investors are trying to squeeze the borrower for a bigger cash component, according to a liability management banker.

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