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JACKSONVILLE, Fla. -- Winn-Dixie Stores, Inc. plans to distribute common stock under its new reorganization plan later this month.
The chain is informing its creditors that it expects the initial distribution of the common stock on Dec. 21. Under its reorganization plan, Winn-Dixie has until Jan. 5, 2007 to distribute the common stock.
American Stock Transfer and Trust Company will serve as the transfer agent for the new common stock, which will be distributed to holders of allowed unsecured claims under the reorganization plan.
Winn-Dixie officially emerged from bankruptcy last month. At that time, the company said its new shares had been approved for quotation on the NASDAQ National Market System. The shares have been trading on a "when-issued" basis under the symbol WINNV. Once the company issues the new shares, they will trade under the symbol WINN.