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Adelphia bondholder is bidder for bankrupt company
One of Adelphia Communications' largest creditors is bidding to take control of the bankrupt cable operator. William Huff, whose W.R. Huff Asset Management Co. owns Adelphia bonds, has secured enough financing from investors to make an offer for the company. Huff's bid would compete against a joint offer by Time Warner and Comcast, as well as a bid from Kohlberg Kravis Roberts & Co. and Providence Equity Partners. New York Post (2/2)