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Debt-ridden DS Waters of America on cusp of rescue
Reports suggest that buyout firm Kelso & Co is relinquishing control of DS Waters of America.
The Deal Pipeline says that Kelso will cede control to noteholders in a recapitalization as DS Waters prepares to refinance debt.
A source reports that Credit Suisse Group, GE Capital Corp and Jeffries & Co are launching a $535m package on Monday for a possible acquisition.
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