Reader's Digest Emerges From Bankruptcy
Mon, 02/22/2010 - 20:00 — Anonymous
Reader's Digest Association Inc. has emerged from bankruptcy, after the successful implementation of its prepackaged plan of reorganization. The company now has 75% less debt. ABC reports:
Reader's Digest, which filed for Chapter 11 protection from creditors in August, comes out of bankruptcy with $525 million in exit financing and a new board of directors that includes Fredric Reynolds, former chief...
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