Link: http://www.bloomberg.com/news/articles/2015-11-05/distressed-debt-lenders-aid-getty-images-in-shutterstock-battle

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Reason 172 you don’t want to run low on cash. And, an example of a PE firm holding on to ownership as long as it can.

http://www.bloomberg.com/news/articles/2015-11-05/distressed-debt-lenders-aid-getty-images-in-shutterstock-battle

Erik Gordon
Ross School of Business
University of Michigan