Cadiz officially assumes Sun World ownership.RANCHO CUCAMONGA Rancho Cucamonga (răn`chō k  'kəmäng`gə), city (1990 pop. 101,409), San Bernardino co., S Calif. , Calif.--(BUSINESS WIRE)--Sept. 13, 1996--Cadiz Land Co. Inc. (NASDAQ NASDAQin full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLCI CLCI Dichlorodimethyl Ether ) announced that its acquisition of Sun World International Inc. has been formally completed. The acquisition of all of the stock of Sun World represented the final step required of Cadiz before it assumed management of Sun World operations. Following the U.S. Bankruptcy Court's July 12 approval of the acquisition plan, Cadiz successfully satisfied all plan requirements, including the completion of documentation and execution of approximately $175 million in funding, to finalize Friday's ownership transfer. Sun World, one of California's leading agricultural concerns, with approximately $150 million in annual revenues, filed for Chapter 11 bankruptcy protection in October 1994 after debt- restructuring negotiations with its existing creditors had failed. CONTACT: Stoorza, Ziegaus & Metzger, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Christine Lee Christine Lee is Emeritus Professor of Haemophilia in the University of London, and founding Editor of Haemophilia. She trained in medicine at the University of Oxford, where she was awarded First Class Honours and was the first female scholar of the Oxford University or Fiona Hutton, 213/891-2822 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion