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You can find the current article at its original source at http://www.guardian.co.uk/business/nils-pratley-on-finance/2013/jul/25/hibu-disappears-stock-market-yellow-pages

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Hibu: farewell to the business formerly known as Yell Hibu: farewell to the business formerly known as Yell
(2 months later)
Farewell, Hibu, we hardly knew you. Some 14 months after the change of name, the business formerly known as Yell is disappearing from the stock market. A debt-for-equity swap will eradicate current shareholders and leave creditors as the new owners of the Yellow Pages publisher. It has been a mighty fall. In 2007 Yell was a member of the FTSE 100 index worth £5bn.Farewell, Hibu, we hardly knew you. Some 14 months after the change of name, the business formerly known as Yell is disappearing from the stock market. A debt-for-equity swap will eradicate current shareholders and leave creditors as the new owners of the Yellow Pages publisher. It has been a mighty fall. In 2007 Yell was a member of the FTSE 100 index worth £5bn.
The capital restructuring, as chairman Bob Wigley coyly describes the shareholder wipe-out, gives Hibu and its 12,000 staff a chance to discover if co-existence with Google is possible. But the amazing part of the tale is how management thought the task was possible while carrying debts that peaked at more than £4bn.The capital restructuring, as chairman Bob Wigley coyly describes the shareholder wipe-out, gives Hibu and its 12,000 staff a chance to discover if co-existence with Google is possible. But the amazing part of the tale is how management thought the task was possible while carrying debts that peaked at more than £4bn.
In November 2007 former chief executive John Condron spent £800,000 of his own money on Yell shares at 416p. Investors who follow directors' purchases, take note: sometime the insiders are the last to notice the earthquake.In November 2007 former chief executive John Condron spent £800,000 of his own money on Yell shares at 416p. Investors who follow directors' purchases, take note: sometime the insiders are the last to notice the earthquake.
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