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Stock Market & Financial Investment News

News Breaks
April 7, 2013
14:48 EDTCEDCCEDC wins creditor approval for restructuring plan
Central European Distribution Corporation announced that CEDC and its U.S. subsidiaries, CEDC Finance Corporation International and CEDC Finance Corporation, have received overwhelming support from creditors for their proposed restructuring, which will be implemented through a prepackaged Chapter 11 plan of reorganization. Accordingly, the company commenced voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to seek confirmation of the plan.
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