Central European Distribution (CEDC) says its impaired creditors have voted overwhelmingly to...

|About: Central European Distributi... (CEDC)|By:, SA News Editor

Central European Distribution (CEDC) says its impaired creditors have voted overwhelmingly to accept a reorganization plan, giving the green light for the plan go before the Delaware Bankruptcy Court in May. If approved, CEDC says that Roust Trading will make an aggregate $5M payment to all existing stockholders in April. The financial restructuring should eliminate approximately $665.2M in debt from CEDC's and its related affiliates balance sheets. Shares -4% AH.