Parmalat news keeps on trickling in

C. M. O.
March 2004
Private Placement Letter;3/22/2004, Vol. 22 Issue 12, p10
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.


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