C&C; presented a plan to its unsecured lenders.

A voluntary plan to restructure financially ailing Castle & Cooke has been presented by the company to private unsecured lenders, the company reported. The plan presented to 30 bankers meeting in San Francisco covered the next 18 months, the Honolulu-based company said in a news release. Castle & Cooke, which owes the bankers about $250 million, said it expects that negotiations with the bankers on the restructuring plan "will commence shortly."

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