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New York investors acquire Denton-based government aviation contractor

Cerberus Capital Management has acquired controlling ownership of Denton-based M1 Support Services, a federal contractor that specializes in aviation support and handles millions of dollars in contracts with federal agencies and the U.S. military.

Vedanta parent looks to rejig $3 8 billion bond repayments; stock in focus

Vedanta parent Vedanta Resources, as a part of the plan, was looking to pledge 13 per cent of its stake in India-listed Vedanta Ltd to secure a $1.25 billion financing package from a cluster of lenders.

Vedanta Resources: VRL begins process to rejig $3 8-billion bond repayments

As part of the plan, Vedanta Resources is to pledge 13% of its stake in Vedanta Ltd (VDL) to secure a $1.25 billion financing package from a group of lenders led by Standard Chartered Bank and New York-based Cerberus Capital Management to help avert a default on $1 billion of bonds that are due in January, according to people familiar with the matter.

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