DEG Submits Reorganization Plan: De Laurentiis Entertainment...
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From Times Staff and Wire Reports
DEG Submits Reorganization Plan: De Laurentiis Entertainment Group filed a reorganization plan in U.S. Bankruptcy Court that would give unsecured creditors $20.10 in cash for each $100 in claims after a planned merger with Carolco Pictures, maker of the “Rambo” movies. Unsecured creditors would also receive about 8.34 shares of common stock in the reorganized DEG for each $100 in claims.
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