SuperMedia (SPMD +12.7%) and Dex One (DEXO +8.2%) rally after SA's Gleb Bradford offers a...

|About: Dex Media (DXM)|By:, SA News Editor

SuperMedia (SPMD +12.7%) and Dex One (DEXO +8.2%) rally after SA's Gleb Bradford offers a bullish take on the companies' planned merger and Chapter 11 restructuring. Bradford notes SuperMedia and Dex's lenders are on board; that hedge fund manager Kyle Bass has bought 10% stakes in both companies, and that the companies forecast EBITDA of $719M in 2016. He also points out SuperMedia is trading at a discount to Dex One, based on the merger ratio.