Party City, Creditors In Talks To Spin Off Balloon Business
Portfolio Pulse from Benzinga Newsdesk
Party City is reportedly in talks with its creditors to spin off its balloon business, according to Bloomberg. The move is seen as a strategy to alleviate the company's financial stress.
August 04, 2023 | 6:46 pm
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Party City's potential spin-off of its balloon business could help alleviate its financial stress, potentially leading to a positive impact on its stock.
The spin-off of a business unit is often seen as a positive move for a company in financial distress, as it can help to reduce debt and focus on core operations. This could lead to improved investor sentiment and a potential increase in stock price.
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