MatlinPatterson: Yes, We Want Nortel

MatlinPatterson Global Advisors, the private equity firm that buys distressed companies, has confirmed its interest in buying all of Nortel Networks Corp.

MatlinPatterson is a Nortel creditor and has stirred rumors of a bidding war since Nokia Siemens Networks said it would buy Nortel’s wireless unit for $650 million. Nortel is worth more to creditors as a whole company than it would be if sold in pieces.

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