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Article: Jamestown, N.Y., furniture maker's plan to exit bankruptcy saves 1,500 jobs.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 15, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By David Robinson, The Buffalo News, N.Y. Knight Ridder/Tribune Business News
Oct. 15--Bush Industries shareholders will receive a little more than 11 cents per share under a reorganization plan approved by a U.S. Bankruptcy Court judge that allows the furniture maker to emerge from bankruptcy as a private company and slashes the compensation to its former chief executive by 45 percent.
The reorganization plan approved Wednesday night by Bankruptcy Court Judge Carl L. Bucki sets aside $1.6 million for the company's shareholders, who would have received nothing under a plan the court rejected last month.
It also cuts the value of the ...
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Article: Bush Industries Provides Fourth Quarter Earnings ...
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December 20, 2001 ;
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... ... JAMESTOWN, N.Y. -- Bush Industries , a diversified global ... slightly profitable. Paul Bush, Chairman and Chief Executive Officer of Bush Industries said, "Our strategy ... February, 2002. Bush Industries is a diversified global ...
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