Allegheny Files New Reorganization Plan: Allegheny International...
Allegheny Files New Reorganization Plan: Allegheny International Inc. said it has filed a plan of reorganization for its Sunbeam Corp. subsidiary in an attempt to bring the profitable small appliance maker out of bankruptcy court protection. The new Sunbeam plan, if approved by the court, would pay the unit’s creditors 100% of their claims in cash. It is the fifth plan that Allegheny International has filed since entering Chapter 11 reorganization in February, 1988.
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