Commodore said its bankers gave it a reprieve.
- Share via
The troubled West Chester, Pa.-based computer maker said it will continue to negotiate its loan agreements through this month and is not filing for reorganization. Its stock again took a drubbing Friday, closing down 87.5 cents a share to $6.875--a new low--in heavy trading on the New York Stock Exchange. Commodore is in technical default on its loans.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.