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UPDATE 1-JPMorgan, funds to own LightSquared under bankruptcy exit plan

2014-07-01 21:49:24| Agriculture - Topix.net

Bankrupt wireless venture LightSquared on Tuesday revealed a new restructuring proposal that would cede 74 percent of its equity to a new investor group that includes JPMorgan Chase & Co, Cerberus Capital Management and Fortress Investment Group.

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