Cadiz Makes Announcement.RANCHO CUCAMONGA Rancho Cucamonga (răn`chō k  'kəmäng`gə), city (1990 pop. 101,409), San Bernardino co., S Calif. , Calif.--(BUSINESS WIRE)--Dec. 15, 1995--Cadiz Land Company, Inc., Nasdaq symbol CLCI CLCI Dichlorodimethyl Ether ("CLCI"), announced today it has signed an agreement with the Unsecured Creditors' Committee creditors' committeeA group of lenders who seek to protect their interests in connection with a borrower that experiences financial difficulties. of Sun World International, Inc. ("Sun World"), whereby the Committee will support a plan for the acquisition by CLCI of Sun World. The Committee has also agreed not to solicit any further offers for the purchase and sale of Sun World. The execution of this Plan Support Agreement provides significant support for CLCI's contemplated acquisition of Sun World and is expected to facilitate the required bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. approvals. Nevertheless, the completion of this acquisition remains subject to various contingencies. CLCI will continue to report on material developments as they occur. CONTACT: Cadiz Land Company, Inc. Keith Brackpool, 909/980-2738 |
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