Friday the 13th mini-crash
10/13/1989 AD crashed
Failed leveraged buyout of United Airlines causes crash
When the UAL deal fell through, it helped trigger the collapse of the junk bond market. The deal unraveled because the Association of Flight Attendants pulled out of the deal when management, in negotiations over an Employee Stock Ownership Plan (ESOP) designed to fund the leveraged buyout, refused to agree to terms.
New York City, NY
Lattitude: 40.7128° N
Longitude: 74.006° W
Region: North America
Modern Day United States
Lattitude: 40.7128° N
Longitude: 74.006° W
Region: North America
Modern Day United States
Subjects Who or What crashed?
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New York Stock Exchange (NYSE, The Big Board) American stock exchange ...
Events in 1989 MORE
