OTHER NEWS - Oct. 11, 1991
Judge OKs Greyhound Reorganization: A U.S. bankruptcy judge in Dallas signed an order confirming the reorganization of Greyhound Lines Inc., formally ending the Chapter 11 saga that began after the bus company’s drivers went on strike last year. Greyhound, the nation’s only inter-city bus line, restructured more than $600 million in debt--trimming about $200 million--in a process that began in June, 1990. The company will become publicly traded again, with common stock listed on the American Stock Exchange. Unsecured creditors will receive 95% of the stock.
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