JACKSONVILLE, Fla. - Winn-Dixie Stores said it would begin distributing new stock to its creditors on Dec. 21. Under terms of plan of reorganization, the company said it has until Jan. 5 to distribute shares. Winn-Dixie emerged from Chapter 11 bankruptcy protection on Nov. 21 and canceled its old stock. Its new stock was trading on over-the-counter exchanges on a when-issued basis. On Friday, the shares were trading about $15.50 per share. New stock will trade on the Nasdaq exchange under the symbol WINN.
Winn-Dixie to Distribute Stock Shares
JACKSONVILLE, Fla. - Winn-Dixie Stores said it would begin distributing new stock to its creditors on Dec. 21. Under terms of plan of reorganization, the company said it has until Jan. 5 to distribute shares.
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