PetSmart gains amid document dispute; Altice issues rise as asset sale talk continues

By James McCandless

San Antonio, March 29 – Retailers and telecom names took up much of the attention in distressed trading at the end of the week.

PetSmart Inc.’s notes gained as the company works to keep a majority of documents from being turned over in its legal battle with creditors.

Sector peer Bed Bath & Beyond, Inc.’s issues closed mixed after a week of positivity.

In telecom, Altice SA’s paper was positive as the company works to identify assets for sale.

Intelsat SA and Frontier Communications Corp.’s notes were similarly better in the sector.

As oil futures close the week on a positive note, California Resources Corp.’s issues rose, Weatherford International plc’s paper was mixed and Halcon Resources Corp.’s notes declined.

Utilities name PG&E Corp.’s issues ended the session mixed.

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