Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zenith - One and Only -- Ignore unavailable to you. Want to Upgrade?

To: Robert Utne who wrote (6295)	9/24/1999 10:24:00 PM
From: NRugg	Read Replies (1) \| Respond to of 6570

There is a story in today's Interactive WSJ on the Zenith bankruptcy filing. I have copied excerpts and given the URL This is a subscription service, the URL may not work. >WASHINGTON -- Zenith Electronics Corp.'s (ZETHQ) prepackaged Chapter 11 reorganization, which the electronics manufacturer is preparing to whisk through bankruptcy court next week, faces stiff opposition from minority shareholders. Zenith's official committee of equity security holders objected to the reorganization plan, the accompanying disclosure statement and the company's retention of financial advisor Peter J. Solomon Co., according to Federal Filings Business News. However, the objections were almost entirely redacted due to a confidentiality agreement between the equity committee and Zenith.< >The court approved on an interim basis Zenith's application to employ Solomon on Aug. 25. A final hearing is set for Monday.< >Judge Mary F. Walrath of the U.S. Bankruptcy Court in Wilmington, Del., has scheduled hearings on Zenith's plan and disclosure statement for next Tuesday and Wednesday. "Fireworks" are expected, according to one source< interactive.wsj.com Some of the "Fireworks" might come from Bob