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fire-sale price |
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| Non-productive real estate can be a significant cash drain, and it usually falls to the finance department to track expenditures related to maintenance and insurance, Selling it is an option, of course, but that can mean accepting a fire-sale price, as well as having to pay closing costs and commissions. Observers doubt the banks would want to unload a premier movie chain like Edwards for a fire-sale price, so vultures may not be welcome. 225 million to regain control of video rights to its movies, nearly a decade after they were sold off at a fire-sale price by financier Giancarlo Parretti. |
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