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Judge OKs Frank's plan.
In: Crain's Detroit Business, Jg. 21 (2005-04-25), Heft 17, S. 2
Online
serialPeriodical
Zugriff:
The article informs that a bankruptcy judge in New York approved the Chapter 11 disclosure statement for Frank's Nursery & Crafts Inc., which means the company can solicit votes on its reorganization plan. The plan calls for Frank's to retain 42 pieces of real estate that it would develop. The plan is supported by Frank's equity holders and the unsecured creditors committee. Stockholders with more than 5,000 shares as of April 22 can get 75 cents a share or stock. A hearing is scheduled for June 14 in U.S. Bankruptcy Court in New York City. If the plan is confirmed, Frank's could exit Chapter 11 by the end of the summer, according to a company release.
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Judge OKs Frank's plan.
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Autor/in / Beteiligte Person: | Kosdrosky, Terry |
Zeitschrift: | Crain's Detroit Business, Jg. 21 (2005-04-25), Heft 17, S. 2 |
Veröffentlichung: | 2005 |
Medientyp: | serialPeriodical |
ISSN: | 0882-1992 (print) |
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