Part two of a short series on Martin (Marty) Whitman. To catch up on the rest of the story, you can find part one here.
Continued from part one...
According to this article, published in Fortune in 1988, to be able to invest in the public service company, Whitman and his partners, C. Kirk Rhein Jr. and James P. Heffernan, formed a group called Consolidated Utilities & Communications.
To gain as much control over the business as possible, Whitman "characteristically" looked for bonds that would give his group of distressed debt investors the most control over a possible reorganization. According to the article, "He...
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