OTHER NEWS - Sept. 26, 1995
<i> Times Staff and Wire Reports</i>
Soft Drink Bottler Says Bankruptcy Is Averted: The Seven-Up/RC Bottling Co. of Southern California, the nation’s largest Seven-Up bottler, said four creditors who are owed $2 million have agreed to withdraw an involuntary bankruptcy petition, subject to court approval. The money-losing Vernon-based bottler is attempting to restructure $140 million it owes bondholders. Merrill Lynch, Dean Witter, State Street Research and an unidentified money management firm hold 65% of the debt.
