Babson Enters Distressed Debt

Firm Takes Advantage of Ripe Market with MCM Acquisition


By Dave Lindorff

April 28, 2008

Though Cliff Noreen, vice chairman of Babson Capital Management said that he doesn't make acquisitions based upon short-term considerations like market timing, the firm probably couldn't have timed the acquisition of Murray Capital Management's (MCM) distressed debt management unit better.

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