NBN Trumps Perseus Offer The options for PGW clients got more interesting with an offer yesterday from National Book Network (NBN) to acquire distribution contracts of PGW publishers, promising to pay a higher portion of pre-petition debts than Perseus and asking for a standard (and thus shorter) contract renewal. A letter from NBN head Jed Lyons says, “With financial support from a major financial institution, Drawbridge Long Dated Value Advisors, we have proposed to acquire PGW by assuming its publisher contracts.… You will be paid .85 on the dollar for your claim against the bankrupt estate. You will be asked […]
