We missed DDIC on lows of .015, on chapter 11 news, for a flip.Damn. (COMTEX) B: DDi Corp Files Ch 11; Op Units to Continue as Usual [delayed]
B: DDi Corp Files Ch 11; Op Units to Continue as Usual [delayed]
Ridgeland, MS, AUG 21, 2003 (EventX/Knobias.com via COMTEX) -- DDIC announced
that it has filed Chapter 11 to implement the pre-arranged plan of
reorganization. The voluntary petitions for reorganization involve a
restructuring of only the debt and equity securities of DDi Corp. and DDi
Capital, which are holding companies without any business operations of their
own. None of DDi Corp.'s domestic or foreign operating subsidiaries is included
in the Chapter 11 filing. The company has also reached an agreement with 100% of
the senior lenders for its U.S. operating subsidiary, Dynamic Details, Inc., to
achieve an out-of-court restructuring which will allow the operating units to
continue business as usual with no impact on trade and other creditors.
Press Release
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SUBJECT CODE: Bankruptcy/Liquidation
Reorganization/Restructuring
PREMARKET
KNO-Zone
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