TITLE

Parmalat news keeps on trickling in

AUTHOR(S)
C. M. O.
PUB. DATE
March 2004
SOURCE
Private Placement Letter;3/22/2004, Vol. 22 Issue 12, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Parmalat SpA's government appointed administrator announced plans to emerge a slimmed down beverage company from the bankrupt entity still wallowing in fraud scandals. In an outline of restructuring plans, Parmalat would seek to swap most of its $18 billion in debt for equity in the company. Sales of definitive plans are expected to be presented to creditors by the end of June, according to published reports. In related news, Bank of America continued to garner headlines associated with the dairy and foods producer.
ACCESSION #
12611369

 

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